Question

Write an article on " Impact of Covid - 19 on Indian Economy " .​

Answer 1

The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook

Answer 2

$\large \underbrace{ \bigstar\frak{ \purple{Impact \: of \: Covid-19 \: on \: Indian \: Economy} \bigstar}}$

The second wave of the Covid-19 pandemic has taken a vicious toll on India's health, but the economic toll has also been heavy, though nothing like the carnage seen in the first quarter of the last fiscal year, when GDP growth crashed 23.9 per cent in response to the Centre's no-notice lockdown. India's GDP shrank 7.3 per cent in 2020-21 (in real terms adjusted for inflation). This is the worst performance of the Indian economy in any year since Independence.

Almost all the sectors have been adversely affected as domestic demand and exports sharply plummeted with some notable exceptions where high growth was observed. A major concern of the second wave is that the virus has spread into India's hinterland and could wreak havoc in villages, towns and small cities. Lockdowns may help break the chain of transmission, however they will just postpone another surge unless the gap period is utilized to vaccinate the people.As of now, the country's GDP growth is likely to be below the expected 10 per cent.

________________________

hope it helps you :'D