Effects of Post COVID 19 on Indian Economy

Author:Rekha Garg*

Abstract:
An outbreak of COVID-19 impacted the whole world. The outbreak is declared as a national Emergency by the World Health Organization. In India the three major contributors to GDP Namely private consumption, investment and external trade will all get affected. World and Indian economy are attempting to mitigate the health risks of COVID-19 with the economic risks and necessary measures needed will be taken to improve it. The government has put in place Restrictions on expenditure in a bid to save resources. Funds are being diverted towards the Fight against Covid-19. According to the survey, COVID-19 is having a 'deep impact' on Indian businesses, Over the coming month's jobs are at high risk because firms are looking for some Reduction in manpower. Further, it is added that already COVID-19 crisis has caused an Unprecedented collapse in economic activities.

Keywords:Key Words: National Emergency, Covid-19.

DOI:10.46333/ijtc/9/1/11

International Journal of Trade & Commerce (Vol: 9 Issue:1)