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Impact of COVID-19 on Indian Economy- A Review
Ajay Kumar Poddar*1 and Brijendra Singh Yadav2
Keywords:
COVID-19, Corona virus, Pandemic, Lock down, Economic Shock, Forecast
Abstract:
The World Health Organization (WHO) declared CORONA (COVID-19) outbreak a pandemic in the month of March 2020 (2nd Week). The WHO reached to this decision since the positive cases were/are rapidly showing the up-swinging trends towards 20 lacs with death toll crossed over to 1 lakh plus. The entire world (around 170 countries; all across the continents) is suffering miserably without having any vaccine to embark upon the virus to contain it immediately. As an only effective tool available to weaken the virus spread, the countries are helplessly exercising lockdown. This will surely affect the health of the economy of the countries and eventually the global economic condition. It is felt that this will bring the biggest slow down of 100 years in the world. India; as a fast developing country will have to face an extremely severe effect of this natural phenomenon.
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