ISSN 2394-5125
 

Research Article 


ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi.

Abstract
COVID -19 pandemic is inflicting severe impact on the Indian economy in terms of health crisis
and economic crisis. To contain the spread of pandemic Indian government adopted different approaches like -
three weeks lockdown, imposed social distancing, closure of non essential and businesses and very high
restrictions on the mobility of people. Due to the approaches followed by the government qualitatively it throws
a different challenge – first save level, save livelihoods, meet other costs like loss of jobs and production (in
terms of Gross Domestic Product(GDP)) and supply chain disruptions. The pandemic will impact economic
growth and important sectors like agriculture, industrial, services and more impact on micro, small and medium
enterprises(MSME). An abnormal situation like COVID 19 requires abnormal actions to set right normalcy to
economy. Keeping this is view Government of India announced Rs.20 lakh crore Financial Stimulus Package on
12, May 2020, estimated at 10% of GDP with a clearly defined leap towards economic reforms that will lead to
“Atmanirbhar Bharat Abhiyan” or a self reliant, resilient India.

Key words: COVID-19,Contain,Lockdown, Social Distancing, Gross Domestic Product(GDP), MSME, Stimulus package, Self relian


 
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Pubmed Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. JCR. 2020; 7(19): 5903-5913. doi:10.31838/jcr.07.19.683


Web Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. http://www.jcreview.com/?mno=133619 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.683


AMA (American Medical Association) Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. JCR. 2020; 7(19): 5903-5913. doi:10.31838/jcr.07.19.683



Vancouver/ICMJE Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. JCR. (2020), [cited September 14, 2020]; 7(19): 5903-5913. doi:10.31838/jcr.07.19.683



Harvard Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi (2020) ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. JCR, 7 (19), 5903-5913. doi:10.31838/jcr.07.19.683



Turabian Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. 2020. ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. Journal of Critical Reviews, 7 (19), 5903-5913. doi:10.31838/jcr.07.19.683



Chicago Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. "ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC." Journal of Critical Reviews 7 (2020), 5903-5913. doi:10.31838/jcr.07.19.683



MLA (The Modern Language Association) Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi. "ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC." Journal of Critical Reviews 7.19 (2020), 5903-5913. Print. doi:10.31838/jcr.07.19.683



APA (American Psychological Association) Style

Manjushree Paruchuru, Sudha Mavuri, Lalitha Nammi (2020) ECONOMIC IMPACT OF COVID-19 ON INDIAN ECONOMY - GOVERNMENT MEASURES TO CONTAIN THE PANDEMIC. Journal of Critical Reviews, 7 (19), 5903-5913. doi:10.31838/jcr.07.19.683