IMPACT OF COVID-19 ON INDIA’S TRADE WITH SAARC NATIONS

Abstract

Countries and regions in South Asia have seen the effects of the covid-19 outbreak. The first verified case of the Covid-19 virus was reported in Nepal, and India was the first South Asian nation to report more instances of the virus than China. As the situation with Covid-19 escalated, it had an even more negative effect on South Asian intraregional trade, which was already at an extremely low level of less than 5%. This studys overarching goal is to learn more about how Indias trade with that nation evolved throughout the Covid-19 era. South Asian countries have been experiencing a pandemic due to the COVID-19 virus since November 2019. According to available evidence, this has helped boost Indias exports to those countries. However, the relative significance of Indias major commercial partners has changed over the previous few decades, despite the fact that the amount of commerce between India and SAARC has not expanded considerably. All of humanity is feeling the affects of the newly discovered corona-virus, whether it be physical sickness or emotional stress. In addition to having far-reaching effects on the worlds educational system, the economic ripples caused by this pandemic have hit every countrys bottom line. All of the nations and territories in South Asia have seen the effects of the covid-19 pandemic. It was initially reported in Nepal, and India now has more confirmed cases than China. The percentage of intra-regional trade between SAARC members was below 5% at the time. South Asian intra-regional commerce was further disrupted by the Covid-19 epidemic. KEYWORDS: SAARC, Covid-19 epidemic, India, Global economy, World Commerce Organization, Indian market