Covid-19 Pandemic and its Effect on Indian Industry

Keywords: COVID – 19, Pandemic, Whole economy, Economic downturn, Impact and Moratorium

Abstract

The outbreak of the COVID-19 pandemic is a completely unexpected shock to the economy. The Government of India has announced measures like food security and healthcare measures, incentives to a few sectors, tax deadline extensions, housing loan moratorium scheme, time extension for electricity bill payment, cancellation, postponement of examinations, etc. to tackle this pandemic situation. With the extension of the country wide lockdown, the global economic downturn and related disruption of demand and supply chains, the economy is likely to face a protracted slowdown. This study focused on the impact of the pandemic on various sectors like manufacturing industries, banking, real estate, textile, agriculture, education, healthcare, electronics, and services. The effect of COVID-19 is going to last for quite some time, even though primary activities and industries have resumed their routine work.

Published
2021-01-01
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