UGC Approved Journal no 63975(19)

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Published in:

Volume 9 Issue 11
November-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2211600


Registration ID:
505290

Page Number

f761-f766

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Title

IMPACT OF ECONOMIC POLICIES DURING PANDEMIC LOCKDOWN- A PERSPECTIVE

Abstract

ABSTRACT: The impact of covid 19 on the economy has been quite substantial. This has forced industry to look at new ways of looking to cope up with the emerging scenario. In the aftermath of Covid -19 setting in the majority of industries with special reference to construction , hospitality , Aviation, food chain system, Logistics, Engineering and Automobiles etc were adversely affected. The sudden shutdown announced on 23rd March 2020, and the accompanying stoppage of train services pan India had put untold suffering to the migrant labour, and caused serious dent in their savings and purchasing power.It also created serious labour shortage later on opening of restrictions, due to reverse migration already having happened. The impact of all these aspects was quite severe in terms of output, employment, GDP and dampened the business climate over the last two years. The stock market went very volatile and the economic policies announced by the Govt , by way of injection of funds to the tune of over Rs2.50Lacs crores has been instrumental in maintaining liquidity and reinforced the confidence for business and trade in the economy. The labour force too though initially distraught with the sudden curb announcements had reconciled to some extent and started coming back to Cities/ Metros where they were prior to Covid. The ability and capability of the Govt to meet the challenges was put to serious test, and though initially it was dismal, over the next year it was able to see good traction and efforts made started falling in place. Overall it appears the Indian Economy has become more resilent and stronger , than in pre-covid stage, having jump started the digital revolution and policies of Govt were quite favourable to industry during these times. KEYWORDS: Covid-19, Economic policies, Govt role, Vaccination, Recovery, digitaltechnologies, Supply chain, RBI liquidity support

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"IMPACT OF ECONOMIC POLICIES DURING PANDEMIC LOCKDOWN- A PERSPECTIVE ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 11, page no.f761-f766, November-2022, Available :http://www.jetir.org/papers/JETIR2211600.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"IMPACT OF ECONOMIC POLICIES DURING PANDEMIC LOCKDOWN- A PERSPECTIVE ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 11, page no. ppf761-f766, November-2022, Available at : http://www.jetir.org/papers/JETIR2211600.pdf

Publication Details

Published Paper ID: JETIR2211600
Registration ID: 505290
Published In: Volume 9 | Issue 11 | Year November-2022
DOI (Digital Object Identifier):
Page No: f761-f766
Country: Bangalore, Karnataka, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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