COVID-19: A Nightmare for the Indian Economy

15 Pages Posted: 28 May 2020

See all articles by Kamakshi Mehta

Kamakshi Mehta

Amity University Haryana (AUH)

Shiv Swaroop Jha

Amity University

Date Written: April 20, 2020

Abstract

The objective of our study is to conduct and accomplish a retrospective analysis of the macro-economic repercussions of the various Pandemics which have emerged till date and also to forecast the impact of COVID-19 on the Indian Economy. COVID-19 is a contagious disease belonging to the SARS COV-2 family. The best method recommended to restrain the virus is by social distancing and self-isolation. The major method being used by infected countries is complete lock down. This method may help in containing the virus spread but it is paving the way to the Global recession which will have a severe consequence on all sectors of the economy and all the countries-be it developed or developing. We also suggest that additional work is necessary to develop a more comprehensive macro-economic model in order to accurately estimate the relative cost and effects of a global response to the outbreaks of international concern in a better manner.

Keywords: COVID-19, Global Recession, Indian Economy, Influenza, NPA

Suggested Citation

Mehta, Kamakshi and Jha, Shiv Swaroop, COVID-19: A Nightmare for the Indian Economy (April 20, 2020). UGC Care Journal, Vol 31, Issue 20, April 2020, Available at SSRN: https://ssrn.com/abstract=3612676 or http://dx.doi.org/10.2139/ssrn.3612676

Kamakshi Mehta (Contact Author)

Amity University Haryana (AUH) ( email )

Amity Education Valley, Panchgaon, Haryana 122413
Gururgram, HI Haryana 122413
India

Shiv Swaroop Jha

Amity University

ASET- IT Department, Sec-125
Amity University, Sector 125
Noida, UT Uttar Pradesh 2013003
India

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