Impact of COVID-19 on Indian Unemployment: A Study

The outbreak of the COVID-19 pandemic is an unprecedented shock to the Indian economy. In order to defeat the COVID-19 pandemic, Government of India declared complete lockdown in the country starting on March 24, 2020 and the same was extended to May 3, 2020 in the second phase. On 1 May, the Government of India extended the nationwide lockdown further by two weeks until 17 May. On 17 May, the lockdown was further extended till 31 May by the National Disaster Management Authority. Though the lockdown was necessary so as to prevent the faster spread of Coronavirus (COVID-19) and to save lives of people of the nation, it affected the various sections of our economy severely. Indian economy consists various segments like e-commerce industry, restaurants industry, automobile sector, information technology, software services, travels and tourism industry and lots of others industry having crucial role in Indian economy. The main objective of the study is to assess the impact of COVID-19 on unemployment in India.