The Impression Of The Corona Virus-19 Pandemic On India-Nepal Trade

Due to increased positive tests and deaths globally, the novel Coronavirus (COVID-19) has sparked a severe catastrophe in India and Nepal. This issue already impacted the economy and labor markets, affecting both demand and supply networks. Nepal has experienced the most abrupt and broad stoppage of economic activity since the emergence of this fatal disease (Covid-19). This paper aims to examine the fast-developing literature on the influence of COVID-19 on various financial and commercial sectors and integrate findings from a variety of studies.COVID-19 has harmed the country's macroeconomy, lowering national GDP in both countries, slowing economic growth, cutting revenue collection, and cutting pay rates, according to this report. Price inflation is occurring, as is the loss of work opportunities. Moreover, the analysis found this in practically every socioeconomic field. COVID-19 outbreak has brought to light two aspects of the Nepal-India economic relationship: Nepal's growing trade deficit and both countries' free cross-border travel. Considering the trade deficit exclusively for supply shortages is neither suitable nor advantageous to the relationship's overall health. This brief proposes a more stable commercial relationship between India and Nepal. Moreover, with this, the paper attempts to explain the positive and negative effects of Covid 19 on both countries.