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description Journal article public Economic Affairs

COVID-19 Pandemic and Its Impact on Indian and Global Economies

K. Kareemulla
Published 16 September 2020

Abstract

COVID-19, a pandemic disease caused by the coronavirus originated from China has been ravaging the entire global nations due to which the entire global economy is in the doldrums. The disease has been there in the entire globe since November 2019 and is expected to damage human beings and the world economies for a long time. In this article, we discuss the damage caused by the deadly virus to the Indian economy and the world economy as a whole. A word of caution is that until the vaccine is invented, the economies world will suffer to the maximum extent since most of the major economies of the globe are locked down due to the pandemic.

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