Aditya Gosar
Abstract- The COVID-19 pandemic had a profound and multifaceted impact on India’s economy, disrupting various sectors and exposing vulnerabilities in the country’s economic structure. As one of the largest economies in the world, India faced a significant contraction in growth due to stringent lockdown measures, a sharp decline in domestic and international trade, and a collapse in consumer demand. Key sectors such as manufacturing, services, tourism, and agriculture experienced severe setbacks, while unemployment surged, particularly among migrant laborers, daily wage workers, and the informal sector. The government responded with fiscal stimulus packages, reforms in labor laws, and financial support to businesses, but challenges related to the equitable distribution of aid, rising inflation, and a slowdown in private investments persisted. The pandemic also accelerated digital transformation, with technology adoption rising in sectors like education, healthcare, and retail. While India’s economy showed signs of recovery in the post-pandemic phase, the long-term effects on income inequality, poverty levels, and the broader socio-economic landscape remain a critical concern. The pandemic underscored the need for structural reforms, greater healthcare infrastructure investment, and resilience in supply chains to mitigate future economic shocks.
