COVID -19 And Indian Economy

The world has witnessed several epidemics such as the Spanish Flu of 1910, outbreak of HIV/AIDS. In the past, India has had to deal with diseases such as the small pox, plague or polio. All of these individually have been pretty severe episodes. However, COVID – 19, turn out to be biggest health crisis in our history after 2ndworld war. The outbreak of COVID -19 is a grave menaces to the entire world affecting millions of people and also unprecedented implication on the global economy. The virus forced the entire world in to lockdown mode & triggered a financial market meltdown. In India, the first case of Corona Virus was reported on January 30, 2020 in Kerala. Taking proactive action, the esteemed Prime Minister announced complete lockdown for 21 days on 24th of March,2020 and thereafter the lockdown was extended up to 30 May 2020s. This paper is an attempt to explain the effect of COVID – 19 pandemic on economy of India.