A Look at COVID-19’s Influence on MSMEs, Agriculture, and Education and More

Pages: 227-229
Gurinayat Brar,1 Zaara Brar,2 Sahejdeep Kaur,3 Aarav Ahuja,4 and Vidit Verma5 (BSc Economics, University of Warwick, Coventry, UK1, Strawberry Fields High School, Chandigarh2,4, Carmel Convent School, Chandigarh3, and Doon School, Dehradoon, Uttarakhand5)

It is unprecedented for the Indian economy to be faced with the impact of the Covid-19 pandemic. Preceding the epidemic, economic development had slowed to a crawl, and unemployment and poverty had risen to unprecedented levels. Consequently, when the pandemic struck in March 2020, the country’s ability to deal with a new catastrophe was weakened. Afterwards, the economy was hit by a severe economic downturn that touched all industries. The study covers different aspects concerning Indian economic status. Many businesses have been impacted by COVID-19, including the pharmaceutical industry, hospitality, tourism, aviation, real estate, and housing. In the wake of the crisis, at least 15 million jobs were lost, according to estimates. The purpose of this review analysis is to determine the impact of Covid-19 and the lockout on the Indian economy. India, being a rapidly developing country, would be hit hard by the effects of this natural disaster.