An Economic Impact Of Covid-19 In India

Document Type : Primary Research paper

Authors

1 Research Scholar, Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India

2 Professor,Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India

3 Associate Professor, Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India

Abstract

The current Indian economy has different challenges; it is impact on both
demand and supply which has led to down India’s economic growth. Meanwhile the
Corona virus pandemic has set foot in India as well as global. It is affecting to the
country’s primary, secondary economic sectors and service sectors. This research article
identifies theeffects of India’s Gross Domestic Product contributors and economic
compensations due to the Covid-19 pandemic using the long-term distribution of a Markov
Chain Analysis. In addition, the paper seeks to find the effects of the five sectors of the
Indian economy due to the Covid-19. The results from this paper suggest to the
government of India to alternate economic planning in the affected sectors of the economy.
Moreover, the information may be helpful in constructing an economic recovery plan for
the Indian economy post Covid-19.

Keywords

Int. J. of Aquatic Science
Volume 12, Issue 2 - Serial Number 2
June 2021
Pages 1360-1366

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