Abstract

WHO declared the COVID-19 Pandemic on 12th March, 2020. Till this day, this deadly outbreak is ruling all over the world. This outbreak of Covid-19 is an unprecedented shock to the whole world and as well as on Indian economy. The various lockdowns all over the world completely took the world by a standstill pressing a pause button for everything including the world's one of the biggest economies. India's real GDP depleted to its bottom in over six years during 4Q 2019-20. The COVID-19 or Coronavirus Pandemic has revealed many weaknesses in the global system. According to the Ministry of Statistics, the growth rate of India went down to 3.1% due to COVID-19 as stated by the Chief Economic Adviser of Govt. Of India. The Research paper focuses on the impact of this pandemic on the various sectors of Indian Economy. This Paper also provides some recommendations by which this impact (long term or short term) can be reduced.

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