Economic impact of the Covid-19 pandemic in India: Roadmap for different sectors

Abstract

The coronavirus outbreak has had a disastrous effect on the Global economy, let alone India. Prior to the pandemic, the Indian economy was already in a slowdown, primarily due to a decline in consumer demand. This paper studies the growth trajectory of Indian economy over the past decade and looks at the trends in the key economic indicators such as Inflation, Interest rates and Exchange rates .This paper examines the policy changes announced by the Government following the pandemic including the impact of COVID 19 pandemic on various sectors along with the strategies that these sectors could adopt to cope up with the situation. Additionally, data has been collected from various public websites for the purpose of analysis and capturing the trends over time. This study also proposes a Multivariable Regression model to predict the GDP growth rates of Indian economy post the pandemic.