INDIA'S EMERGING ECONOMY DURING A PANDEMIC COVID-19

Abstract

The Covid-19 epidemic has caused an enormous blow to Indian economic activity. Until Covid-19 hit, the business had already been in shambles. Also with the extended national shutdown, the worldwide financial slump, and the resulting disturbance of customer and supplier networks, the industry is expected to experience a lengthy period of slowdown. The amount of financial harm will be determined by the length and intensity of the medical crisis, the length of the lockout, and how the scenario evolves once the shutdown is removed. The condition of the Indian financial system throughout the pre-Covid-19 timeframe is discussed in this article, along with an evaluation of the potential influence of the surprise on numerous areas of economic activity, an analysis of the initiatives declared already by the national government as well as the Reserve Bank to mitigate the financial downturn and strategy prescriptions for particular industries