IMPACT OF CORONA VIRUS (COVID-19) ON ECONOMIC GROWTH OF INDIAIMPACT OF CORONA VIRUS (COVID-19) ON ECONOMIC GROWTH OF INDIA

Main Article Content

ARPIT SAXENA
MOHAMMAD AZAM
DIGVIJAY PANDEY
HO SY HUNG
BINAY KUMAR PANDEY
WEGAYEHU WEGAYEHU ENBEYLE
NOIBI TAJUDEEN OLUWAFEMI

Abstract

Economic growth depends upon many factors but the most important factor is continuity of economic activities. Economic growth of India and rest of world was immensely affected by Covid 19. This study tries to explain the impact of Corona (COVID-19) on economic growth of India. Many initiatives taken by government of India and RBI to face this adverse effect on economy due to Covid-19. This study used secondary data published by government of India, RBI, WHO, IMF and various other organisation to understand the exact situation and other related issues faced by Indian economuy. Study tries to explain the impact of pandemic on GDP growth rate, Exchange rate, Sensex also on 5 Badly affected sectors of India from Covid-19. Indian economy is now slowly returning on the track as Central government announced the package of Rs. 20 Lakh Crore to boost economy, including Rs 8.01 lakh crore of liquidity measures announced by the RBI since March 2020. This pandemic will leave a long lasting impact on all economies whether they are developed or developing.

Keywords:
COVID-19, economic growth, RBI.

Article Details

How to Cite
SAXENA, A., AZAM, M., PANDEY, D., HUNG, H. S., PANDEY, B. K., ENBEYLE, W. W., & OLUWAFEMI, N. T. (2021). IMPACT OF CORONA VIRUS (COVID-19) ON ECONOMIC GROWTH OF INDIAIMPACT OF CORONA VIRUS (COVID-19) ON ECONOMIC GROWTH OF INDIA. Asian Journal of Advances in Research, 7(3), 23-31. Retrieved from https://mbimph.com/index.php/AJOAIR/article/view/2126
Section
Original Research Article

References

Kassaw C, Pandey D. COVID-19 Pandemic Related to Anxiety Disorder Among Communities Using Public Transport at Addis Ababa, Ethiopia, March 2020: Cross-sectional Study Design. Hu Arenas; 2021. Available:https://doi.org/10.1007/s42087-020-00166-y.

Khongsai L, Anal TSSC, AS R, et al. Combating the spread of COVID-19 through community participation. Glob SocWelf; 2020. Available:https://doi.org/10.1007/s40609-020-00174-4.

Pandey D, Pandey BK, Noibi TO, Babu S, Patra PM, Kassaw C, Enbeyle W, Kadam SA, Canete JJO. Covid-19: Unlock 1.0 risk, test, transmission, incubation and infectious periods and reproduction of novel Covid-19 pandemic. Asian Journal of Advances in Medical Science. 2020;2(2):23-28.
Available:https://mbimph.com/index.php/AJOAIMS/article/view/1696

Pandey D, Babu SZD, Noibi TO, Pandey BK, Dey PTD, Kassaw C, Kadam SA, Canete JJO. A study on novel Covid-19 epidemic threat for universal physical situation in 2020. Asian Journal of Advances in Research. 2020;5(2): 27-33. Available:https://www.mbimph.com/index.php/AJOAIR/article/view/1662 .
Available:https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11902&Mode=0

Pandey, D., Ogunmola, G.A., Enbeyle, W. et al. COVID-19: A Framework for Effective Delivering of Online Classes during Lockdown. Hu Arenas; 2021.
Available:https://doi.org/10.1007/s42087-020-00175-x.
Available:https://home.kpmg/content/dam/kpmg/in/pdf/2020/05/cutting-through-crisis.pdf
Available:http://www.xinhuanet.com/english/2018-03/27/c_137067571.htm
Available:https://www.theguardian.com/news/2020/feb/10/will-the-coronavirus-outbreak-derail-the-global-economy
Available:https://timesofindia.indiatimes.com/business/india-business/india-to-grow-1-9-global-economy-to-shrink-3-imf/articleshow/75150265.cms
Available:https://www.livemint.com/news/india/coronavirus-outbreak-in-india-could-cost-the-economy-29-9-billion-adb-11583480504316.html
Available:https://www.bankbazaar.com/home-loan/repo-rate.html

Bokam Y, Guntupalli C, Gudhanti S, Kulandaivelu U, Alavala R, Alla N, Manne R. Importance of pharmacists as a front line warrior in improving medication compliance in Covid 19 patients. Indian Journal of Pharmaceutical Sciences. 2021; 83(2):393- 396.

Ravi Manne, Snigdha Kantheti. COVID-19 and its impact on air pollution. International Journal for Research in Applied Science & Engineering Technology (IJRASET), ISSN: 2321-9653. 2020;08(11):344-346.
DOI:https://doi.org/10.22214/ijraset.2020.32139

Digvijay Pandey, et al. Infectivity, Preclusion, and Control (IPC) of pandemic novel COVID-19”, International Journal of Computer Engineering in Research Trends. 2020;7(5): 1-8.