ECONOMIC DECLINATION DUE TO COVID- 19 LOCKDOWN - A REVIEW
European Journal of Molecular & Clinical Medicine,
2020, Volume 7, Issue 1, Pages 2289-2295
AbstractCOVID 19 is a strain of coronavirus which is virulent and spreads easily among humans. It has become a pandemic and has caused a global emergency. Though the death rate is not that high it is still considered dangerous. It has caused a huge impact on the global economy. The purpose of this study is to analyse the economic impacts on various sectors of Indian economy. Several relevant articles were selected, analysed and computed inorder to gain accurate information of the economic losses we have faced. National lockdown has impacted not only the Indian economy but also the global economy very severely. Many sectors such as the travel and tourism industry, the live events industry, hotels and real estate have been shut down and have faced severe losses. The GDP has faced a slight declination. The data collection and study analysis was conducted in the year 2020 in Private Dental College, Chennai.
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