DISSERTATION REPORT

ON

“The Impact of Covid-19 on Indian Economy”

SUBMITTED IN PARTIAL FULFILLMENT OF THE
REQUIREMENT FOR THE DEGREE OF

BACHELOR OF BUSINESS ADMINISTRATION

SUBMITTED BY: SUBMITTED TO:

NANDINI HANS Mrs. PREETI SHARMA

BBA (2019-22) Assistant Professor

A30106419032 Amity Global Business School, Noida

AMITY GLOBAL BUSINESS SCHOOL, Noida

AMITY UNIVERSITY UTTAR PRADESH

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 DECLARATION
I do hereby declare that I have completed the dissertation titled " THE IMPACT OF COVID-
19 ON INDIAN ECONOMY". The report submitted is my original work carried out under
the supervision and guidance of Mrs. PREETI SHARMA (Assistant professor) in partial
accomplishment and requirements of BBA programme at Amity Global Business School,
Noida. it has not been submitted elsewhere for award of any degree.

Date: 4 April 2022 NANDINI HANS

Place: Noida BBA (2019-22)

A30106419032

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 CERTIFICATE
This is to certify that Ms. NANDINI HANS, student of BBA (2019-22) (Enrolment no-
A30106419032) a student of Amity Global Business School, Noida has carried out the
dissertation on " THE IMPACT OF COVID- 19 ON INDIAN ECONOMY". The survey,
data collection, & analysis work for preparing the dissertation has been carried out by the
student in partial accomplishment of the requirements for the award of BBA, under guidance
and supervision.

Mrs. PREETI SHARMA

Assistant Professor

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 ACKNOWLEDGEMENT

I would like to express my gratitude of thanks to my Assistant Professor MRS. PREETI

SHARMA, who gave me the opportunity to do this project and under whose guidance I am
able to complete this project a full proof success. Her suggestions and instructions have
served as the major contributor towards the completion of the project.

Then I would like to give an immense thanks to my friends and parents who helped me with
their valuable suggestions, guidance and time in various phases of completion of this project.

Last but not the least I would thank my classmates who have helped me a lot too.

NANDINI HANS

A30106419032

BBA (2019-22)

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 TABLE OF CONTENTS

S.NO. TOPICS PAGES

1 TITLE PAGE 1
2 DECLARATION 2
3 CERTIFICATE 3
4 ACKNOWLEDGEMENT 4
5 TABLE OF CONTENTS 5
6 ABTRACT 6
7 CHAPTER 1 - Introduction 7
8 CHAPTER 2- Objectives and scope of study 17
9 CHAPTER 3- Literature review 19
10 CHAPTER 4- Methodology 22
11 CHAPTER 5- Analysis of data 24
12 CHAPTER 6- Discussion and Interpretation of 25
findings
13 CHAPTER 7- Conclusions, Implications and 27
Recommendations
14 QUESTIONNAIRE 28
15 APPENDIX 49
16 REFERENCES 52

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 ABSTRACT

On 31 December 2019, a cluster of cases of pneumonia of unknown cause, in the city of

Wuhan, Hubei province in China, was reported to the World Health Organisation. In
January 2020, a before unknown new virus was identified, subsequently named the 2019
novel coronavirus, and samples obtained from cases and analysis of the virus’ genetics
indicated that this was the cause of the outbreak. This novel coronavirus was named
Coronavirus Disease 2019 (COVID-19) by WHO in February 2020. The virus is referred
to as SARS-CoV-2 and the associated disease is COVID-19.

This is the period of Global recession caused due to COVID-19 pandemic-induced market
instability and lockdown. The economic impact of the 2019–20 coronavirus pandemic in
India has been largely disruptive. According to the survey, COVID-19 is having a 'deep
impact' on Indian businesses, over the coming month's jobs are at high risk because firms are
looking for some reduction in manpower. Further, it is added that already COVID-19 crisis
has caused an unprecedented collapse in economic activities over the last few weeks.

Several Indian apparel brands, e-commerce firms and textile bodies have geared up to face
the impact of the COVID-19 pandemic by implementing measures, including ‘work from
home’ option for staff, ensure proper communication related to the new coronavirus,
assessing earlier revenue targets. Most industry experts feel it is too early to project or predict.

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 CHAPTER ONE
INTRODUCTION

ABOUT COVID -19

The World Health Organisation (WHO) has announced the coronavirus disease, 2019
(COVID-19) a pandemic. A harmonized global effort is the needed to stop the further
spreading of the virus. A pandemic is defined as “occurring over a wide geographic area
and infecting an exceptionally high part of the population.” The
previous pandemic reported in the world was the H1N1 flu pandemic in 2009.

On 31 December 2019, a bunch of cases of pneumonia of a cause unknown, in the city

of Wuhan, Hubei province in the country of China, was reported to the World Health
Organisation. In January 2020, an already unknown new virus was identified,
subsequently being named the 2019 novel coronavirus, and samples gathered from the
cases and analysis of the virus’ genetics indicated that this was the cause of the outbreak.
The novel coronavirus was named Coronavirus Disease 2019 (COVID-19) by WHO in
February 2020. The virus being referred to as SARS-CoV-2 and the associated disease
is COVID-19.

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Coronaviruses are a family of no. of viruses that cause illness such as the respiratory
diseases or gastrointestinal diseases. Respiratory diseases can range from the common
cold to more severe diseases.

Coronavirus got its name from how they look under a microscope. The virus consists of
a core of genetic material surrounded by an envelope containing protein spikes. This
gives it the look of a crown. The word Corona means “crown” in Latin.

Often, the Coronavirus occurs with respiratory symptoms. Among the people who get
infected, some are showing no symptoms at all. Those who are developing the symptoms
may have a mild to moderate, but self-limiting disease with the symptoms that is similar
to the seasonal flu. Symptoms may include:

• Respiratory symptoms
• Fever
• Cough
• Shortness of breath
• Breathing difficulties
• Fatigue
• Sore throat

ECONOMIC IMPACT OF COVID-19 ON INDIA

This is the period of Global recession which is caused due to COVID-19 pandemic, that
induced the instability in the market and lead to lockdown. The impact on economy of the
2019–20 coronavirus pandemic in India has been hugely disruptive. The super major
outcomes of which are as follows.

• Sharp increase in unemployment

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 • Stress on the supply chains
• Fall in government income
• Collapse of the tourism industry
• Collapse of the hospitality industry
• Reduced in the consumer activity
• Plunge in the consumption of the fuel. Rise in LPG sales.

[Cases over India (Cumulative) at starting]

The World Bank and credit rating agencies have downgraded India's growth for fiscal the
year 2021 with the most low figures that India has seen in the last three decades since

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India's economic liberalization in the 1990s. The India’s economy was expected to lose
over ₹32,000 crore (US$4.5 billion) on every day basis during the starting of 21-days of the
proper lockdown which was to be declared following the coronavirus outbreak. Under the
complete lockdown, less than a quarter of India's $2.8 trillion economy that was
functional. Upto 53% of the businesses in the country were projected to be significantly
impacted. The supply chains have been put under the stress with the lockdown restrictions in
place; initially there was a lack of the clarity in the streamlining of what is an "essential" and
what actually is not. The one in the informal sectors and the daily wages groups are the most
at the risk. A big number of the farmers that were around the country that
grow perishables and also facing uncertainty. Various businesses such as the hotels and
airlines are cutting down the salaries and laying off the employees.

IMPACT ON CHEMICAL INDUSTRY

The chemical industry that has been noticing the adverse effects of the COVID-19 outbreak.
The chemical industry ought to play an important role in the production of countless products
such as plastic, fertilizers, medicines, packaged products and so on. With the large spread of
the novel coronavirus, many production facilities of several end-user industries have been
halted. With this, the demand for the chemicals that were used in these facilities have been
declined. For instance, the large butadiene derivatives such as the poly-butadiene rubber and
styrene-butadiene rubber are amongst the major components that were to produce auto tires
and the other auto parts including hoses, belts, and gaskets. With the halt in the production
of the facilities of the several automobile manufacturers, a steep fall in the supply of the tires
in the automotive industries has been witnessed. Thus, the continuing spread of the virus
COVID-19 across the globe is most likely to impact the demand of chemicals.

However, the outbreak of this pandemic lead a light rise in the demand for the packaging of
materials has been increased to prevent the contamination of the food, the medicines, the

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personal care, and the medical products thereby for creating a significant demand for the
chemicals that were involved in the packaging industry.

India's chemical and petrochemical (C&PC) industries have urged the central government to
declare the entire value chain in the sector as the 'essential' during the coronavirus lockdown
period. The industries claimed that they have a multiple cross-linkages and is critical in the
functioning of various essential goods like food, edible oils, drugs, fertilizers etc.
According to the Indian Chemical Council (ICC), many essential supplies from the C&PC
sector are stuck at various checkpoints in the country. Manufacturers were unable to produce,
even if got the permission to operate, as their employees are finding it very difficult to reach
at their work. Hence, the C&PC sector should be declared as an essential and is to be
exempted from lockdown, it demanded.

IMPACT ON AUTO- INDUSTRY

Its impact on Indian companies will vary and depend upon the level of the business with
China. China’s business no doubt is most affected. However, current levels of the inventory
seem to be sufficient for the Indian industry. The shutdown in China continued and then it
was expected to result in an 8-10% contraction of India’s auto manufacturing in 2020.

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MHCV sales were largely impacted the most, due to the planned BSVI transition in the latter
half of the March and early April. The sales of tractors remained the only outer performer in
the industry.

The impact of the novel coronavirus pandemic and the lockdown that it triggered is clearly
visible in the financial markets. But there is still no clarity on the greater impact that it is
having across the businesses and industrial sectors. Based on the assessments that were
made by the different analysts and industry body.

The impact on Textiles Industry

Amongst the massive impact of that coronavirus had on the different economies, fashion is
one of the hardest hit industries during pandemic. Depending on how the Covid-19 layout
evolved in India, we are looking at very low consumer sentiments and therefore needs much
less consumption this year. The retailers and the brands have been already started halting
lines of production, the delayed season releases and cut buying budgets to prepare for these
eventualities. Of Course, with few garments being manufactured there will be in less demand
for fabrics so the overall situation looks gloomy.

“There are the two ways of looking at the COVID-19 situation and its impact on the apparel
industry. The short-term impact is that as the country is going through a COVID-19 scare
phase and potential health risk, we’ll witness a fall in a sale on account of malls and stores
being closed. More importantly, the mental bandwidth of consumers will also shift from
purchasing lifestyle needs such as apparel to daily needs such as food and beverages. For the
upcoming year, assuming things start picking up, the apparel industry will still see two levels
of the implications. The Spring Summer 2020 sale cycle will take a hit as the inventories
have already been planned and will get piled up, given that it’s going to take some more time
for the demand to recover. Secondly, the supply chain of the upcoming Autumn Winter 20

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collections took a hit because the planning has already begun, and the current disruption will
have a important impact on the supply side in the apparel industry”

The impact on Electronics Industry

The major supplier in electronics is China being a final product or raw material used in the
electronic industry. India’s electronic industry faced supply disruptions, production,
reduction impact on the product prices due to heavy dependence on electronics component
supply directly or indirectly and local manufacturing.

Electronic Specifier's Lanna Cooper speaks to the industry to gauge feeling and outlook
following the coronavirus pandemic, and its impact on electronics manufacturing, supply
chain, legalities and economic fallout.

There have been a multitude of headlines and resulting questions raised over the past few
weeks. The recent outbreak of a coronavirus, called COVID-19, has left many of us worried
and paranoid about our own health - fearful of catching the virus by interacting with other
people and by carrying out everyday tasks such as travelling on public transport

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However, public health isn’t the only concern. European and Asian markets have tumbled,
following Wall Street’s plunge as investors became even more concerned about the potential
harm to global economic growth the virus' impact will have. Stock markets in Britain,
Germany and France have also been affected as they fell more than three percent in early
trading. The market we are taking a particular interest in, however, is the electronics industry.

The impact on Tourism and Aviation

The outbreak of COVID-19 (Coronavirus) has disrupted India’s economy as tourism,

hospitality, aviation, transportation and restaurant businesses are on a nationwide halt.

According to the industry reports, the hospitality sector has projected more than Rs 30,000
crore of loss of revenue during 2020, India’s aviation sector will report losses in excess of
Rs 8,200 crore in the approaching quarter as international and domestic flights are still
grounded.

The lockdowns are creating an unsuspecting impact on the lives and livelihood of many.
The National Restaurants Association of India (NRAI) have given clear signs that even 10-
20 percent job losses among its 7.3 million employees in restaurants across the country would
mean up to 15 lakh unemployed. Something that would give rise to major social
consequences.

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The impact on Animal husbandry and poultry farming

The global animal husbandry industry has been largely impacted by the effect of coronavirus.
There has been a sharp fall in the demand for chicken and meat since the outbreak as there
have been various rumors amongst the peoples that the virus can spread through the animal's
meat and chicken. However, the Centers for Disease Control & Prevention declared that
coronavirus is known to be transmitted via direct contacts to humans, and not via livestock
or aqua animals. Several government organizations have been setting guidelines in order to
prevent the pandemic.

The primary factors that were responsible for the sector growth before the pandemic
were the increased consumption of meat, beef, chicken and other kinds of seafood such
as prawns globally. Changing lifestyles of the peoples along with the preferences
towards the luxury food items were also the prime factors for the market growth.

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Animal husbandry industry is segmented by type into dairy, meat, poultry, aquaculture, and
others (insects). Meat and poultry are expected to get impacted significantly due to the
COVID-19 pandemic. Based on the regional viewpoint, the most affected regions are the US,
China, Italy, France, Germany, Spain, UK, and India. The regional demand for chicken and
meat is decreased due to the increased rate of virus spread. Further, it has also been witnessed
that the peoples are opting for the jackfruit as the replacement of chicken and mutton.
Whereas, the shutdowns of the food chain services including restaurants has also affected the
market growth.

Countries are announcing several relief packages in order to reduce the impact of coronavirus
in the sector as well as the rumours with it. For instance, in India, the government has set up
the COVID-19 Economic Response Task Force to assess the impact of COVID-19 in the
various sectors including animal husbandry. Thus, to dispel the rumours that COVID-19
spreads by consumption of chicken, the Poultry Farm Association of India also organized a
Chicken Fair in Uttar Pradesh state.

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 CHAPTER TWO

OBJECTIVES AND SCOPE OF THE STUDY

Objectives of the study

The following were the objectives of the study:

• To understand about the novel coronavirus

• To study about the origin of the Coronavirus.

• To study the symptoms of the virus

• To study the impact of the virus in INDIA.

• To study the impact of covid 19 on chemical industries.

• To study its impact of auto- sector

• To study the impact on electronics.

• To study the impact on textile industries.

• To study its impact on tourism and aviation.

• To study its impact on the industry of animal husbandry and poultry farming.

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SCOPE OF THE STUDY

The scope of the study of the impact of novel coronavirus on India and the Indian economy
is a vast topic to study on. Here I have done a study on some of the major industries in the
economy that had a great impact of the pandemic. The study reveals about the major fall in
the income of people and fall in the economic status of the developing country India. The
pandemic not only affected the people physically but mentally, drained financially and
socially too.

Few industries like Pharma industries, online selling portals have seen a hike due to the
pandemic. Also, the apps like zoom and google meet have shown a good growth due to work
from home situations. Many a people were removed from the jobs, many industries were shut
down. If industries started the work from home concept. We here studied all this effects of
pandemic in our study.

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 CHAPTER THREE
LITERATURE REVIEW

The following three layouts, using the Oxford’s global economic model, provide a
probabilistic economic outlook.

Layout 1: Optimistic layout with a V-shaped recovery

The contagion is controlled efficiently by June 2020 through effective government

interventions. The economy starts recovering from Q2 FY21 and achieves rapid economic
growth thereafter.

Layout 2: Somewhat optimistic with severe impact and a U-shaped recovery

Supply-chain problem multiplies and global demand declines sharply. In India, there is
limited success in controlling the spread. The economy resumes back to life and witnesses’
normalcy from Q4 FY 2021

Layout 3: Pessimistic layout with a new low level of normal

In India, the disease spreads rapidly leading to a steep decline in demand and cuts in
production. The situation eases in quarter 1 of F.y. 22 after which, the economy revives, but
modestly. Over the next two years, the economy grows by 1.5–2 percent lower than it would
have grown other way, with unequal recovery rate across sectors.

Prime Minister Narendra Modi has brought a number of reforms since first coming to power
in 2014, including introducing a nationwide sales tax and an insolvency law, reducing
corporate tax rates and kickstarting the biggest sale of state assets. At the same time, he’s
raised import duties and dithered on trade deals, setting back progress.

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With public finances stretched and likely to worsen amid the lockdown, fiscal policies also
need an overhaul, said Arvind Subramanian, a former chief economic adviser to the Finance
Ministry. The government had projected a budget deficit of 3.5% of gross domestic product
in the year through March 2021, but some are estimating it could reach as high as 6.2%.

“The focus on unattainable targets, the fact that Fiscal Responsibility and Budget
Management Act has been honoured only in the breach and the consequences in terms of
budgetary integrity and transparency need serious review, even overhaul, in our view,” he
wrote in a local newspaper along with Devesh Kapoor.

For many analysts, the latest moves to open up India’s bond market and allow banks to trade
currencies abroad were unthinkable a few years back given India’s deep distrust of debt
capital and its failure to acknowledge even the existence of an offshore currency market
trading the rupee. But more needs to be done to attract long-term foreign capital to plug the

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domestic saving-investment gap, according to Sonal Varma, head of Asia economics ex-
Japan at Nomura Holdings Inc.

During his meeting with Finance Minister Nirmala Sitharaman Thursday, PM Modi held
detailed discussions on the state of the economy, sources said, adding that resource
mobilisation for taking on future challenges was also highlighted.

The government has constituted an empowered group—headed by Economic Affairs

Secretary Atanu Chakraborty—to suggest measures which can bring the economy back on
track quickly post the lockdown. It has also been asked to work on relief and welfare
measures for various sectors of the economy as well as for the poor and needy.

In his address to the nation on Tuesday, PM Modi had expressed concern over the problems
being faced by the poor, daily wage workers and farmers. "The government has made every
possible effort to help them through Pradhan Mantri Gareeb Kalyan Yojana. Their interests
have also been taken care of while making the new guidelines," he had said.

To ease the pain and misery, the finance minister last month announced a Rs 1.7 lakh crore
stimulus that included free food grains and cooking gas to the poor for three months, and
cash doles to women and poor senior citizens.

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 CHAPTER FOUR
METHODOLOGY

Type of study

Descriptive THEORY

Purpose of the study

The following were the purposes of the study:

• To understand about the novel coronavirus

• To study about the origin of the Coronavirus.

• To study the symptoms of the virus

• To study the impact of the virus in INDIA.

• To study the impact of covid 19 on chemical industries.

• To study its impact of auto- sector

• To study the impact on electronics.

• To study the impact on textile industries.

• To study its impact on tourism and aviation.

• To study its impact on the industry of animal husbandry and poultry farming.

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Sampling technique

Sampling technique is the method of collecting the data for study. The method used was
questionnaire method. In this I went to working people that are either having businesses or
are having some kind of job with few pre formed questions to ask the them their views on
the pandemic, it’s affect and impact it had on their lives.

Collection of data

The data is collected on the Primary and Secondary basis.

• Primary basis- The data that I collected using survey. It is not taken from any
journals, books, magazines or any source. It is 100% reliable and original.
• Secondary data- The data that I collected from the source like books, magazines,
journals, internet and other. It might not be the one to rely upon and valid. It may be
edited from the original source.

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 CHAPTER FIVE
ANALYSIS OF DATA

The data collected revealed the majority of the public agree to the fact the pandemic has
affected the economy on a large extent. Most of the sectors except very less went down and
showed a major fall. The value of the currency and the GDP of the developing country has
shown a major fall too. The rates of the most of the products went high during the pandemic.
Many people left their jobs, many of them were removed, many got their incomes decreased
by their firms, many industries were shut. The educational sector had been impacted at vast.
The studies are done on online basis. The transportation, and the lives running because of the
tourists have all been impacted highly. Other than the deaths due to the novel coronavirus,
many people died due to hunger too. The poultry farming suffered a great loss too. In the first
starting month of the pandemic the poultry farming in Maharashtra alone suffered a loss of
Rs. 600 crore due to the rumour that the virus is being spread due to the animals.

This is the period of Global recession which is caused due to COVID-19 pandemic, that
induced the instability in the market and lead to lockdown. The impact on economy of the
2019–20 coronavirus pandemic in India has been hugely disruptive. The super major
outcomes of which are as follows.

• Sharp increase in unemployment

• Stress on the supply chains
• Fall in government income
• Collapse of the tourism industry
• Collapse of the hospitality industry
• Reduced in the consumer activity
• Plunge in the consumption of the fuel. Rise in LPG sales.

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 CHAPTER SIX
DISCUSSION AND INTERPRETATION OF FINDINGS

To find the origin of covid-19- On 31 December 2019, a bunch of cases of

pneumonia of a cause unknown, in the city of Wuhan, Hubei province in the country of
China, was reported to the World Health Organisation.

To find its impact on Indian economy- This is the period of Global recession which
is caused due to COVID-19 pandemic, that induced the instability in the market and lead to
lockdown. The impact on economy of the 2019–20 coronavirus pandemic in India has been
hugely disruptive.

To find its impact on Chemical industry- The only section in chemical industry that
showed a hike during the pandemic is Pharma industry. Rest the chemical industries related
to other areas such the agriculture, dyes, etc. showed a fall.

To find show the impact on auto- sector- There have been a major fall in the sales
on the auto mobiles due to the fallen income of people during the pandemic and the increase
in the rates of the petrol and diesels. There is most likely a chance of electric vehicles to over
the roads in India in coming years.

To find the impact on tourism- The tourism industry and the retailers and people
earning their living has lost their means of earning due to the pandemic and the lockdown in
the economy. Some People have lost the earning to go for tours, some aren’t travelling due
to the fear to getting infected and rest aren’t travelling because of the travelling restrictions.

To find its impact on the educational sector- The studies of the children have been
largely impacted. There is no child and teacher interaction due to which the online classes

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aren’t turning as effective as they should be. The children are getting passed without giving
the exams, without being checked their ability to sit in the next class. This might hinder their
capabilities to compete further in the competitive exams and for jobs in their coming future.

To find the impact on the animal husbandry and the poultry farming- The
poultry farming suffered a great loss too. In the first starting month of the pandemic the
poultry farming in Maharashtra alone suffered a loss of Rs. 600 crores due to the rumour that
the virus is being spread due to the animals.

To find the time economy would take to recover- According to studies the
recovering time needed by the economy after this pandemic would be least ten years
extending to 15 to 20 years. The industries and the lives of people will take a large span of
time to overcome the losses suffered.

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 CHAPTER SEVEN
CONCLUSIONS, IMPLICATIONS AND
RECOMMENDATIONS

Public health experts warned of a health catastrophe as the burden of COVID-19 reducing
the capacity of health systems around the world. Developing countries such as India have
been really vulnerable. The virus packs an insidious second punch that is attacking the global
economy. The IMF fore says that a global recession is already underway. As economists and
development practitioners attested, slow or declining growth is posing the extreme dangers
to the vulnerable populations, especially in these developing countries.

Governments across the world have imposed restrictions, severe in some countries such as
India, to slow down the spread of the virus. Public health experts have been leading the
calls for the required tough measures. Many economists have been also supporting these
calls. But there are few, especially those working on economic issues, who worry that such
restrictions are leading to severe economic and social consequences down the road. They
believe that excessively harsh measures can be disproportionate to the official data on the
transmission of the virus COVID-19, caseload, hospitalisation and fatalities.

I myself have struggled a lot with making sense of the official data and the even harder
task of reconciling it with the dire predictions of the hundreds of the millions of the
infections and the unimaginable number of deaths it is leading to. However, it is important
that we advance ideas for understanding all the available data so that making of plans and
policies is as well informed and better as possible. It is with this intention that I am writing
this piece of study.

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 QUESTIONNAIRE

NAME: GENDER:

AGE:

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

2. Has the impact being negative or positive?

3. Is your business or work been impacted due the pandemic?

4. The impact on your work of the pandemic has been negative or positive?

5. Is your earning the same as it was before or did face any changes?

6. Which sector do you think is most positively affected by this virus/

7. Do you think the economy will be able to recover quickly after this pandemic?

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 REPONSE- 1

NAME: Vansh Sen GENDER:M

AGE: 28

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

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 REPONSE-2

NAME: Ashima Rai GENDER:F

AGE: 29

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

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 REPONSE- 3

NAME: Muskan GENDER: F

AGE: 23

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. No

4. The impact on your work of the pandemic has been negative or positive?

Ans. No effect

5. Is your earning the same as it was before or did face any changes?

Ans. Remained same

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 10-15 years

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 REPONSE-4

NAME: Rajendra Pandey GENDER:M

AGE: 35

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

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 REPONSE-5

NAME: Rajini Ameriya GENDER: F

AGE: 26

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 33 of 52
 REPONSE-6

NAME: Vipin Rawat GENDER:M

AGE: 30

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. No

4. The impact on your work of the pandemic has been negative or positive?

Ans. No effect

5. Is your earning the same as it was before or did face any changes?

Ans. Remained same

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. More than 20 years

Page 34 of 52
 REPONSE-7

NAME: Beena Thapa GENDER: F

AGE: 39

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 35 of 52
 REPONSE-8

NAME: Gajan Singh GENDER:M

AGE: 28

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. More than 20

Page 36 of 52
 REPONSE-9

NAME: Pushpa Devi GENDER:F

AGE: 33

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 37 of 52
 REPONSE-10

NAME: Gunjan Kaur GENDER:F

AGE: 22

8. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

9. Has the impact being negative or positive?

Ans. Negative

10. Is your business or work been impacted due the pandemic?

Ans. No

11. The impact on your work of the pandemic has been negative or positive?

Ans. No effect

12. Is your earning the same as it was before or did face any changes?

Ans. Remained same

13. Which sector do you think is most positively affected by this virus?

Ans. Pharma

14. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 10-15 years

Page 38 of 52
 REPONSE-11

NAME: Aviral GENDER:M

AGE: 35

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 39 of 52
 REPONSE-12

NAME: Saurya Chaudhary GENDER:M

AGE: 32

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 40 of 52
 REPONSE-13

NAME: Sarah GENDER:F

AGE: 24

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Positive

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. No effect

5. Is your earning the same as it was before or did face any changes?

Ans. No effect

6. Which sector do you think is most positively affected by this virus?

Ans. Telecom

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 41 of 52
 REPONSE-14

NAME: Arun Singh GENDER:M

AGE: 36

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 42 of 52
 REPONSE-15

NAME: Priyanshi Neg GENDER:F

AGE: 23

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 43 of 52
 REPONSE-16

NAME: Amit Rawat GENDER:M

AGE: 29

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Same

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 44 of 52
 REPONSE-17

NAME: Raj Rathi GENDER:M

AGE: 35

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 5- 10 years

Page 45 of 52
 REPONSE-18

NAME: Vanshika GENDER: F

AGE: 30

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. No

4. The impact on your work of the pandemic has been negative or positive?

Ans. Positive

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Mobile and laptops

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. Less than 10 years

Page 46 of 52
 REPONSE-19

NAME: Gargi Rana GENDER: F

AGE: 25

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Positive

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Same

6. Which sector do you think is most positively affected by this virus?

Ans. Pharma

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 10-15 years

Page 47 of 52
 REPONSE- 20

NAME: Ansh Singh GENDER:M

AGE: 31

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

Ans. Yes

2. Has the impact being negative or positive?

Ans. Negative

3. Is your business or work been impacted due the pandemic?

Ans. Yes

4. The impact on your work of the pandemic has been negative or positive?

Ans. Negative

5. Is your earning the same as it was before or did face any changes?

Ans. Decreased

6. Which sector do you think is most positively affected by this virus?

Ans. Telecom

7. Do you think the economy will be able to recover quickly after this pandemic?
Ans. 15- 20 years

Page 48 of 52
 APPENDIX

1. Do you think the corona virus has impacted the businesses and the economy of the
country?

0%
YES
NO

100%

2. Has the impact being negative or positive?

15%
NEGTIVELY
5%
POSITIVELY
BOTH

80%

Page 49 of 52
3. Is your business or work been impacted due the pandemic?

10%
YES
NO

90%

4. The impact on your work of the pandemic has been negative or positive?

15%
NEGATIVE

15% POSITIVE
NO EFFECT
70%

5. Is your earning the same as it was before or did face any changes?

15% INCREASED
DECREASED
20%
REMAINED SAME
65%

Page 50 of 52
6. Which sector do you think is most positively affected by this virus?

ONLINE SELLING APPS

15% 15%
TELECOM FIRMS

20%
PHARMA

50% MOBLIE PHONES AND

LAPTOP MAKING

7. Do you think the economy will be able to recover quickly after this pandemic?

10% 10%
LESS THAN 5 YRS
15% 5-10 YRS
25%
10-15 YRS
15-20 YRS
MORE THAN 20 YRS
40%

Page 51 of 52
 REFERENCES

• https://en.m.wikipedia.org/wiki/Economic_impact_of_the_COVID-
19_pandemic_in_India
• https://thediplomat.com/2020/03/sociocultural-and-religious-factors-complicate-
indias-covid-19-response/
• https://economictimes.indiatimes.com/wealth/personal-finance-news/impact-of-the-
coronavirus-pandemic-on-the-world-economy-and-how-india-is-
placed/articleshow/75217253.cms
• https://www.bloombergquint.com/global-economics/tracking-india-s-steps-to-
contain-economic-fallout-of-the-virus
• https://www.bloombergquint.com/amp/business/pm-modi-reviews-coronavirus-
impact-on-indian-economy-second-stimulus-package-in-consideration
• https://www2.deloitte.com/in/en/pages/consumer-business/articles/impact-of-covid-
19-on-consumer-business-in-india.html

Page 52 of 52