Socio-Economic Implications of Novel Corona Virus Pandemic (COVID-19): The Indian Scenario

Abstract

The global pandemic Covid-19 and its ill effects has created a fear all over the world. This novel virus has affected 216 countries across the globe. The number of confirmed cases and death are on the hype as per the daily reports by world health organisation and it has sparked an economic crisis. Due to self-isolation, social-distancing, restrictions on transportation services have put every sector of economy on downturn. The people in unorganised sectors are losing their jobs. The demand for manufactured goods and other commodities has been decreased. The demand for medical supplies and essential food items are on an increase. In this article, the socio-economic implications of Covid-19 on India has been summarized. Key Words: Corona Virus (Covid-19), Pandemic, Socio- Economic Implications & Indian Scenario