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The Impact of Covid-19 Pandemic on Different Sectors of the Indian Economy: A Descriptive Study

Author

Listed:
  • Gurpreet Singh Sidhu

    (Department of Management, Punjab State Aeronautical Engineering College, Patiala, Punjab, India)

  • Jaskirat Singh Rai

    (Chandigarh Business School of Administration, Chandigarh Group of Colleges, Landran, Punjab, India)

  • Kanwarvir Singh Khaira

    (School of Management Studies, Punjabi University, Patiala, Punjab India,)

  • Sarabjit Kaur

    (Department of Commerce, Chandigarh Group of Colleges, Landran, Punjab, India)

Abstract

COVID-19 is changing the world we live in for the worst, and almost all parts of the world are stuck with hung economies and people s lockdown in their homes. This pandemic is not only taking a toll out of health care systems and peoples lives but also its impacting world economies and resulting in job losses, business disruptions and making us head towards one of the worst times ever for people on earth. Almost, all the industries are undergoing massive declines in their businesses, and the impact is that much gigantic of this pandemic, that they are projecting worse times ahead. This paper focuses on different industries, which are most affected by the pandemic and how this results in job losses and the world economy.

Suggested Citation

  • Gurpreet Singh Sidhu & Jaskirat Singh Rai & Kanwarvir Singh Khaira & Sarabjit Kaur, 2020. "The Impact of Covid-19 Pandemic on Different Sectors of the Indian Economy: A Descriptive Study," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 113-120.
    • Handle: RePEc:eco:journ1:2020-05-12
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    References listed on IDEAS

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    1. Thiemo Fetzer & Lukas Hensel & Johannes Hermle & Christopher Roth, 2021. "Coronavirus Perceptions and Economic Anxiety," The Review of Economics and Statistics, MIT Press, vol. 103(5), pages 968–978-9, December.
    2. Niels Joachim Gormsen & Ralph S J Koijen & Nikolai Roussanov, 0. "Coronavirus: Impact on Stock Prices and Growth Expectations," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 574-597.
    3. Warwick McKibbin & Roshen Fernando, 2021. "The Global Macroeconomic Impacts of COVID-19: Seven Scenarios," Asian Economic Papers, MIT Press, vol. 20(2), pages 1-30, Summer.
    4. Claudiu Albulescu, 2020. "Coronavirus and oil price crash," Papers 2003.06184, arXiv.org, revised Mar 2020.
    5. Barua, Suborna, 2020. "Understanding Coronanomics: The economic implications of the coronavirus (COVID-19) pandemic," MPRA Paper 99693, University Library of Munich, Germany.
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    Cited by:

    1. Lucia Morosan-Danila & Otilia-Maria Bordeianu, 2021. "Tax Facilities for Romanian Companies in Combating the Crisis Generated by COVID-19," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 369-376, August.
    2. Dimitris Skalkos & Katerina Bamicha & Ioanna S. Kosma & Elpida Samara, 2023. "Greek Semi-Hard and Hard Cheese Consumers’ Perception in the New Global Era," Sustainability, MDPI, vol. 15(7), pages 1-18, March.

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    More about this item

    Keywords

    Covid-19; Indian economy; Industries fallout; Recession.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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