Covid-19 and Financial Markets of Indian Economy- A Review

Author: K.R. Jain, Nimisha Verma

Abstract:
This research paper focuses on the effect of corona pandemic on the financial markets of Indian economy. The pandemic has created unpredictable situation for stock markets globally. Business performances have been adversely affected. Absence of proper vaccination to this contagious disease has created havoc worldwide. To control the death rates rising out of this virus, social distancing and self quarantine methods were adopted so as to have least possible contact with the disease. All the states and the central government have issued the orders to stay at home leading to the slowdown of the Indian financial market and temporary closure of the establishments till the lockdown period. It has turned to a disruptive financial condition which demands government and regulatory bodies for policies which can help to overcome financial loss. This paper highlights the uncertain situation and macro factors affecting the economy. Literature has been reviewed in order to provide insights to the effects of pandemic on economy. It has also highlighted various packages adopted by the Central government in order to cope up with such an alarming situation.

Keywords:Covid-19, Financial Markets, Pandemic and WHO

DOI:

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