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Covid-19 Pandemic and its Effect on Indian Industry

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  • V Pradeepa

    (APA College of Arts & Culture)

Abstract

The outbreak of the COVID-19 pandemic is a completely unexpected shock to the economy. The Government of India has announced measures like food security and healthcare measures, incentives to a few sectors, tax deadline extensions, housing loan moratorium scheme, time extension for electricity bill payment, cancellation, postponement of examinations, etc. to tackle this pandemic situation. With the extension of the country wide lockdown, the global economic downturn and related disruption of demand and supply chains, the economy is likely to face a protracted slowdown. This study focused on the impact of the pandemic on various sectors like manufacturing industries, banking, real estate, textile, agriculture, education, healthcare, electronics, and services. The effect of COVID-19 is going to last for quite some time, even though primary activities and industries have resumed their routine work.

Suggested Citation

  • V Pradeepa, 2021. "Covid-19 Pandemic and its Effect on Indian Industry," ComFin Research, Shanlax Journals, vol. 9(1), pages 22-25, January.
    • Handle: RePEc:acg:comfin:v:9:y:2021:i:1:p:22-25
    DOI: 10.34293/commerce.v9i1.3512
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    References listed on IDEAS

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    1. Smith, Richard D., 2006. "Responding to global infectious disease outbreaks: Lessons from SARS on the role of risk perception, communication and management," Social Science & Medicine, Elsevier, vol. 63(12), pages 3113-3123, December.
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