20Aug 2020

IMPACT OF THE GREAT LOCKDOWN ON INDIAN SOCIO-ECONOMY- AN ANALYSIS

  • Department of Business Economics, Aryabhatta College, University of Delhi, India.
  • Operation Analyst at JLL India, Gurugram, India.
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The sudden outbreak of Corona Virus on 31st December have left people in awe about what will be the circumstances. Economists claim that it is the worst economic downturn after the great depression of 1980s. The Virus rapidly spread in most of the countries around the world starting from Wuhan, China resulting in world economic slowdown and a loss of human life. Most of the country’s economy was impacted including Tier 1 countries out of which Italy is on a verge of economic crisis and hefty life loss. In the light of the current situation this article will be focusing on the impact of Covid-19 in the socio-economic perspective of India. This article discusses about Unemployment, Healthcare, Tours and Travels, etc. of Indian Economy and the impact of Covid-19 on them. This article focuses on providing a better insight in peoples mind about the current pandemic and its effects on the Indian Economy as well as the Global Economy. By conducting online survey and analyzing it, we came to know how society reacts to the typical issue of Economic Slowdown and the way people react to the pandemic situation in the country. Moreover, the aim was to prepare a report by keeping in mind societies perspective towards impacts of CoronaVirus on the society as well as Economy.


[Piyush Jain and Pulkit Jain (2020); IMPACT OF THE GREAT LOCKDOWN ON INDIAN SOCIO-ECONOMY- AN ANALYSIS Int. J. of Adv. Res. 8 (Aug). 219-230] (ISSN 2320-5407). www.journalijar.com


Piyush Jain, Pulkit Jain

India

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Article DOI: 10.21474/IJAR01/11483       DOI URL: http://dx.doi.org/10.21474/IJAR01/11483


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