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Covid 19: An Invisible Destroyer of the Economy Paving way to Atmanirbhar Bharat

Author

Listed:
  • Prajakta R Mantri

    (Shri Ramdeobaba College of Engineering and Management)

  • Bhakti Tiwari

    (Shri Ramdeobaba College of Engineering and Management)

  • CA Prashant Chhajer

    (Shri Ramdeobaba College of Engineering and Management)

Abstract

The Covid-19 pandemic, that has hit the entire world hard enough to make it shiver, was reported first in the city of Wuhan, China. From first ever official report in December 2019, the virus has rapidly captured the entire world. The impact of which is far more brutal than initially anticipated by all. When the entire world is still fighting the initial hit of Covid-19, the clouds of the virus hitting with its second wave have started to make rounds. Thus, it is crucial to look into the details about how it has affected us so far and take inputs to prepare for the next wave, if it is inevitable. The article is an insight on the impact of novel coronavirus on Indian Economy. During the course of the article, we have discussed about India’s role in global supply chain, its dependence on China and to certain extent the role of China in global trade while covering the sectors that are severely impacted and others that are striving to create an opportunity from this pandemic. We incorporated the expectations of the major players in the Indian market and opinions from around the globe on this pandemic. The Atmanirbhar Campaign launched by the Indian Government as an initiative to make India self-reliant in the post covid-19 period, is covered towards the end.

Suggested Citation

  • Prajakta R Mantri & Bhakti Tiwari & CA Prashant Chhajer, 2020. "Covid 19: An Invisible Destroyer of the Economy Paving way to Atmanirbhar Bharat," Shanlax International Journal of Management, Shanlax Journals, vol. 8(2), pages 54-71, October.
    • Handle: RePEc:acg:managt:v:8:y:2020:i:2:p:54-71
    DOI: 10.34293/management.v8i2.3310
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    References listed on IDEAS

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    1. Ligang Song & Yixiao Zhou, 2020. "The COVID‐19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(4), pages 1-25, July.
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    1. DILI Ramces & BUNCAD Yve Joerella & PEREZ Yveth Jasmin, 2022. "Bpo Industry In Achieving Socio-Economic Development Inclusiveness And Local Governance In The Philippines," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(2), pages 22-26, December.

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