Indian Economy: Exploring New Economic Opportunities in Post-Pandemic World
Keywords:
Corona Virus, Cases of pneumonia, Acute Respiratory Syndrome, Economic and labour market crisis and labor markets, Domestic Violence, Income, Sexual and reproductive health, Floriculture in India, Health Status of India, Present Challenge of COVID-19, Vaccination Drive, Impact on Crop Prices and Farm Sector, Strategic Engagement to Mitigate Cataclysm, Problems of SMEs during Covid, Digitalization a Solution, Digital Technologies, Implications for Practice, Pandemic covid-19, Education, Rural AssamSynopsis
The impact of coronavirus pandemic on India has been largely disruptive in terms of economic activity as well as a loss of human lives. Almost all the sectors have been adversely affected as domestic demand and exports sharply plummeted with some notable exceptions where high growth was observed. RBI and Finance Minister announced measures will help the industry and the employees in the short term. Insulating the rural food production areas in the coming weeks will hold a great answer to the macro impact of COVID-19 on Indian food sector as well as larger economy. After growing at very high rates for years, India’s economy had already begun to slow down before the onset of the COVID-19 pandemic. Between FY17 and FY20, growth decelerated from 8.3 percent to 4.0 percent, with weaknesses in the financial sector compounded by a decline in the growth of private consumption.
