Corona Virus (Covid -19) and its impact on economy Ms. Goel Rajni1, Ms. Dhiman Indu2 1Assistant Professor of Economics, Govt. College, Chhachhrauli (YNR) 2Extension Lecturer of Economics, Govt. College, Chhachhrauli (YNR) Online published on 7 December, 2021. Abstract COVID-19 is the infectious disease caused by most recently discovered Corona virus. The new virus and disease were unknown before the outbreak began in Wuhan, China, in December 2019. The COVID-19 is a disease causes lung illness with symptoms such as a cough, fever, congestion, runny nose and in more severe cases, difficulty in breathing. The disease can spread from person to person through small droplets from nose or mouth when a person with virus coughs or exhales. To prevent spread of this pandemic, many countries are implementing lockdown procedure to stopping the chain of infection for this new disease. The government-ordered lockdownwhich have disordered life of billions and in the same time creates economic downfall scenario. The country with the most COVID-19 infections reported a record rush in unemployment. The purpose of this paper is to investigate the extent to which a Pandemic such as COVID-19 can affect the different sectors of theeconomy of a country. The coronavirus pandemic will deeply affect the Agriculture and allied activities, Aviation, Entertainment/sports/events, Retail sectors, tourism and travel sector. It is already clear now that its economic impact would be more severe that in the case of the Severe Acute Respiratory Syndrome (SARS) in 2002–2003. Although not as deadly as SARS, coronavirus infection has a longer incubation period and leaves about 85% of the infected without any (or with just mild) symptoms which makes it more difficult to track and to contain. Moreover, it appears to be much more spreadable than its ancestor. The good news is that most people recover from the disease and develop antibodies that can protect them from getting infected again (natural vaccination). Top Keywords Covid-19, Indian Economy, Lockdown, Pandemic. Top |