ECONOMIC EFFECT OF CORONA VIRUS ON INDIAN ECONOMY

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.