International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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    1 Author(s):  SHIVOM SOOD

Vol -  13, Issue- 4 ,         Page(s) : 166 - 178  (2022 ) DOI :


The economic crisis that began in March 2020 impacted all areas of the Indian economy. Farmers in agriculture were confronted with disrupted supply chains, a shortage of market outlets, low demand, and dropping output prices. Micro and small businesses were the hardest hit in the industry. At least 15 million jobs were lost as a result of the crisis. We generate four scenarios of losses to the Indian economy using an Input-Output (I-O) paradigm. We forecast that India's GDP growth rate in 2020–2021 will range between 4.3 and 15%.

“10 Million Lost Jobs in Covid 2nd Wave, 97% Households' Income Declined: Camie.” Business Today, 
Bloomberg, Jaiveer Shekhawat |. “Covid-19 Pandemic Has India Scrambling to Boost Its Manufacturing Sector.” Business Standard, Business-Standard, 27 Aug. 2021, 

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