International Journal For Multidisciplinary Research

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Covid-19 Pandemic and Its Socio-economic Impact on India

Author(s) Somnath Roy
Country India
Abstract Beginning in December 2019, the new COVID-19 poses a global threat to both human life and economic stability. As the deadly virus began to spread to nearby areas of infected areas, the governments of all the countries were extremely concerned. As the spread became uncontrollable, the nations were forced to declare and enforce a nationwide lockdown. Numerous sectors were severely impacted by the lockdown, which in turn had an effect on the economy. The three pillars of the economy—manufacturing, agriculture, and services—have all suffered, significantly slowing down the economies of all countries. Different state and federal governments implemented a number of programs and policies to lessen the effects of subsequent lockdowns on people. In this paper, we use a socioeconomic framework to present a then and now analysis of the economy, focusing on factors such as industrial production, trade in goods and services etc. Because of its vast terrain and rich cultural legacy, the Indian subcontinent presents itself as a possible center for economic activity. The assessment will be helpful in observing the long-term effects, both locally and globally, of any infectious disease outbreak, like COVID-19.
Keywords COVID-19, impact on economy, awareness etc.
Field Sociology > Education
Published In Volume 6, Issue 1, January-February 2024
Published On 2024-01-20
Cite This Covid-19 Pandemic and Its Socio-economic Impact on India - Somnath Roy - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12222
DOI https://doi.org/10.36948/ijfmr.2024.v06i01.12222
Short DOI https://doi.org/gtfmq5
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