ECONOMIC EFFECT OF CORONA VIRUS ON INDIAN ECONOMY

Tanya Bhatia

Abstract


Coronavirus (CoV) is a large family of viruses that causes illness. It ranges from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). The novel coronavirus is a new strain of virus that has not been identified in human so far. As we can see this virus has disturbed the whole economic chain it disturbs the circular flow of income because in an economy someone’s income is someone’s expenditure. In this paper we will see how it is affecting our economy and what the possible solutions to come back on track are and how this virus will affect our GDP.


Keywords


GDP, Corona Virus, Lockdown, COVID-19, Circular Flow of Income, Indian Economy

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References


[I] UN Economic and Social Survey of Asia and the Pacific (ESCAP)

[II] CII Novel Coronavirus in China: An impact analysis

[III] Economic Times

[IV] IndiaFightsCorona COVID-19 | MyGov.in

[V] Impact of the 2019–20 coronavirus pandemic on cinema, Article


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