Effect of COVID-19 on Economy in India: Some Reflections for Policy and Programme

  title={Effect of COVID-19 on Economy in India: Some Reflections for Policy and Programme},
  author={Monika Chaudhary and Prahlad Rai Sodani and Shankar Prasad Das},
  journal={Journal of Health Management},
  pages={169 - 180}
The outbreak of COVID-19 brought social and economic life to a standstill. In this study the focus is on assessing the impact on affected sectors, such as aviation, tourism, retail, capital markets, MSMEs, and oil. International and internal mobility is restricted, and the revenues generated by travel and tourism, which contributes 9.2% of the GDP, will take a major toll on the GDP growth rate. Aviation revenues will come down by USD 1.56 billion. Oil has plummeted to 18-year low of $ 22 per… 

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