International Journal of Commerce and Economics

International Journal of Commerce and Economics


International Journal of Commerce and Economics
International Journal of Commerce and Economics
2020, Vol. 2, Issue 4
How India is tackling the impact of Covid-19 on its economy

Aradhana Nanda

As the corona virus spreads, nations have adopted social distancing and lockdown strategy to control. Every country is undergoing stress and economies are facing slowdown in production and consumption. The outbreak of COVID 19 Pandemic is an unprecedented shock to the already slowing down Indian Economy. It is at this juncture when economists and policy makers are being sought after to explore the most appropriate solution for keeping the economy alive. The Government of India took series of measures to protect lives by adopting country wide lockdown. The lockdown strategy also came with a huge cost. There was a huge impact on production, distribution and employment. While the need of the hour was to save lives, there also was the need for measures to help the displaced and the needy. At this juncture, the Government launched the stimulus package ‘AtmaNirbhar Bharat Abhiyaan’ which seemingly is aimed at also reviving the economy and protecting lives of the people. This paper is an attempt to understand the importance of the series of measures taken by the government during the pandemic to sustain the economy. It also analyses the challenges before the economy and suggests measures needed for revival of the economy.
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