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Research Paper | Economics & Finance | India | Volume 9 Issue 7, July 2020 | Rating: 6.6 / 10
Impact of COVID-19 on Indian Trade: A Holistic Approach
Dr. Kavita Pareek
Abstract: The Indian economy is seeing a noteworthy down, with GDP development at 4.7 % in Q3 2019-20, its most reduced in about seven years. The COVID-19 flare-up has exacerbated the difficulties and could send the economy plunging toward a recession. COVID-19 cases in the nation have been raising quickly. The epic Corona Virus infection is another strain of infection that has not been distinguished in human so far. WHO is working intimately with worldwide specialists, governments, and other wellbeing associations to give guidance to the nations about prudent and preventive measures. The Indian government has found a way to smooth the bend, for example, forcing an across the nation lockdown and a total prohibition on movement. The significance of these measures regardless, they have cut down the economy on its knees, affecting both generally speaking utilization and ventures. This has provoked a few rating offices to re-examine descending their FY 2020 GDP development gauge for India in the scope of 2.1–4.0 %. The magnitude of the economic impact will depend upon the duration and severity of the health crisis, the duration of the lockdown and the manner in which the situation unfolds once the lockdown is lifted. In this article we depict the condition of the Indian economy in the pre-Covid-19 period, evaluate the possible effect of the stun on various segments of the economy.
Keywords: GDP, COVID-19, Lockdown, Industry, WHO
Edition: Volume 9 Issue 7, July 2020,
Pages: 1111 - 1113