Impact of Covid-19 on Indian Economy & the Challenges Ahead

As we reach the mid of year 2020 and virus COVID-19 takes most of the world under its influence, it's high time we should start looking at a post COVID-19 world. The changes its going to bring upon us, how vastly world is going to get impacted both economically as well as emotionally, as damage has left many in dire situation. It's the moment of global lockdown where everyone is predicting a worst economic downturn since the days of Great Depression. The heart-wrenching images of migrants are there for everyone to see, a moment of reverse migration, happening across India and other parts of world are showing the anxiety and desperation of many due to loss of livelihood and social security. As more and more companies announcing layoffs, rising unemployment data in world's major economies and the possibilities of discovering a vaccination in near term looking grim, we are certainly in a situation never seen before in recent times. Wearing a mask has become a new fashion statement, work from home has become a new norm in corporate world as more and more companies adopting this new change to bring cost effectiveness as well as keeping it safe for everyone, sanitization, social distancing have become new trending words for the masses. World is looking away from China and everyone wants to grab the opportunity, virtual classes to virtual meeting rooms, world is changing quite rapidly and we are witnessing an anxious nation with rural distress among many of its worries. This paper provides us the opportunity to study the impact of COVID-19 on global economy with special focus on Indian Economy. The aim is to study the possible challenges we going to face as nation on many fronts and how different the world is going to be post novel corona virus outbreak.