How Covid-19 pandamic effected our economy?
Major sectors are affected during this lockdown? Due to COVID-19 pandemic, Indian economy is rolling down continuously. This constant lockdown is the reason behind this fall. India is on the verge of unexpected economic catastrophe as the COVID-19 disaster unfolds . India's industrial production dropped after lockdown when the factories we're not in operation. It is estimated that the index contracted by 55.5% compared to the same period a year earlier . That includes sectors like manufacturing, mining, electricity, etc. Business activities in the service sectors also fall drastically during this pandemic, reduced footfall in many of the shops led to a fall in demand . According to recent surveys, there is still a downfall in the month to month decline in outputs and new orders . Domestic travels and tourism sector also fall drastically, contributing to falling in services in business activities . In the viewpoint of Indian automobile, sector manufacturer's pointed out t...
