Impact of COVID-19 on Indian Economy- A Review

The World Health Organization (WHO) declared CORONA (COVID-19) outbreak a pandemic in the month of March 2020 (2nd Week). The WHO reached to this decision since the positive cases were/are rapidly showing the up-swinging trends towards 20 lacs with death toll crossed over to1 lakh plus. The entire world (around 170 countries; all across the conti-nents) is suffering miserably without having any vaccine to embark upon the virus to contain it immediately. As an only effective tool available to weaken the virus spread, the countries are helplessly exercising lock- down. This will surely affect the health of the economy of the countries and eventually the global economic condition. It is felt that this will bring the biggest slow down of 100 years in the world. India; as a fast develop- ing country will have to face an extremely severe effect of this natural phenomenon.