Effect of Lockdown on Indian Economy

Abstract

The current year, 2020 has witnessed the world wide pandemic of COVID-19 which first originated in the Wuhan district of China. This virus rapidly migrated to the different nations of the globe through close contact of people and actions such as coughing, sneezing and spread of droplet infections. The virus had not only had a drastic impact on the population of the nation but also affected the Indian economy which is seen as one of the worst hits in the last decade. Various sectors such as the manufacturing sector, agriculture and service suffered a major blow due to the cessation of production of various goods and services which brought a drastic decline in the gross domestic product of the nation and the export and import rates. The present study was conducted to determine the effect of the coronavirus on the Indian economy and how the changes or impact could be overcome by the government and the leaders in each sector or industry.