• Dr. Sham Singh Bains

The most important and fastest growing sector of the Indian economy are services trade, hotels, transport, communication, financing, insurance, real estate, business services, community, social and personal services account for more than 60.00 per cent of GDP. Agriculture, forestry and fishing constitute around 12.00 per cent of the output, but only 50.00 per cent of the employs are engaged this sector. Manufacturing accounts for 15.00 per cent of GDP, construction for another 8.00 per cent and mining, quarrying, electricity, gas and water supply are account for the remaining 5.00 per cent. During the year 2020-21 Indian economy expanded at a record 20.10 per cent slightly higher than the market forecasts were 20.00 per cent, amid a low base effect from last year and despite a second wave of covid-19, infections and localized lockdowns. It compares with a record 24.40 per cent slump a year earlier when the corona virus crisis hit the economies hard. During the corona virus pandemic the growth rate of the sectors like that trade, hotels, transport, communication, insurance and agriculture has come down to 4.3 per cent is compared to the last year growth rate. On the other hand the output of construction, manufacture and trade, hotels, transport, communication has been increase to 68.30, 49.60 and 34.30 per cent respectively. However in the mining, service, farm, financial and real estate sector has been decreased viz. 18.60, 14.30, 4.50 and 3.70 per cent respectively. It has been observed during the corona virus pandemic that the expenditure on consumption side i.e. private expenditure, investment, export and import has been increases as compare to last year consumption from 19.30, 55.30, 39.10 and 60.20 per cent. The public expenditure of the Indian govt. has been decreased up to 4.80 per cent which is healthy sign of the economy.

Key words: Growth Rate, Market Economy, Trade, Service and Expenditure

" Impact of COVID-19 Pandemic on Growth Rate of Himachal Pradesh Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 2, page no.c255-c261, February-2022, Available :http://www.jetir.org/papers/JETIR2202252.pdf

" Impact of COVID-19 Pandemic on Growth Rate of Himachal Pradesh Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 2, page no. ppc255-c261, February-2022, Available at : http://www.jetir.org/papers/JETIR2202252.pdf