COVID-19 pandemic has not only infected and killed millions of millions people, but it has also negatively impacted the economy with varying degrees across the globe and in India as the economic activities were completely stopped during the lockdown period. Covid19 pandemic creates economic crisis in India FY2020. The paper attempts to examine the impact of COVID-19 on different key sectors of the Indian economy and offer policy suggestions to push the Indian economy on V-shaped recovery. The study has been found that Negative performance in industrial production, lower performance in PMI, increasing in unemployment, declining in the inflation due to lack of demand, decrease in forex reserves, decrease in private consumption, decrease in exports and increase in imports, increasing fiscal balance these all factors are creates a economic crisis in our country Fy2020. Therefore, the country should boost the all factors which are already hit by lockdown due COVID-19 pandemic. If country properly boosted all factors, leads to better performance in post COVID-19. Country needs to boost the MSMEs and domestic entrepreneurs, industrialist, farmers providing better incentives for increasing economic growth of nation. The government should be concerned about protecting the health of Indian Economy and should spend what is needed. The study conclude that Quick and sustained recovery measure (V-shaped recovery measures) are required to come out from present economic crisis which result of covid19 in India and creation of awareness about COVID-19 pandemic should be continuing. KEY WORDS: Covid19, Growth, PMI, Export and Import, Inflation, Fiscal Balance.

In the present era, the agricultural sector played a significant role in the development of the nation by creating jobs for rural people and developing of agricultural sector needed in labour-intensive nations like India. Hence, the study examined the relationship between public expenditure on agriculture and economic growth, public expenditure on agriculture and agricultural output in the context of India. Therefore, the study used the Unit root test, Cointegration test, Var, and ECM for analysis. The results show that there is no cointegration vector between public expenditure and economic growth and found that negative relationship between public expenditure and economic growth. But, the study reveals that there is a cointegration vector between public expenditure and agricultural output. Significant Error Correction term (ECt-1) indicates that 85.2 per cent of total disequilibrium in public expenditure on agriculture and agriculture output is corrected each year in India. The coefficient of the EC2t-1 term is statistically insignificant. shortrun coefficients are also insignificant, which concludes that there is no short-run causality between public Expenditure and agriculture output in any direction. One way causality exists from agriculture output to public expenditure in the long run and is supported the Wagner’s hypotheses instead of Keynesian Hypotheses in India.

Agriculture is the primary occupation of most of Karnataka's rural residents. A total of 123,100 km² of land is cultivated in Karnataka, constituting 25.3% of the total geographical area of the state. Agriculture in Karnataka is heavily dependent on the southwest Monsoon since the extent of arid land in the state is second only to Rajasthan. Only 26.5% of sown area (30,900 km²) is subjected to irrigation. The state has three agricultural seasons – Kharif (April to September), Rabi (October to December) and summer (January to March). This study exploits the rapid technological improvement and development during the Green revolution to estimate the effects of agricultural productivity growth on structural change both in Karnataka and across country. The process of development requires structural change. The structural change of an economy takes place mainly along two dimensions: one is the changing sector-wise shares in GDP and the second is the changing share of the labour force, engaged in each sector. In case of Karnataka State economy, it is seen that as a first step, the agriculture sector loses its importance with a simultaneous growth of the manufacturing sector and tertiary sector. In Karnataka State, the service sector has grown by by-passing the secondary sector. Structural changes in agricultural sector it is also one type of the agrarian crises in Karnataka state. Agriculture is mainly depends upon monsoon so rural people more interested to go urban area due to getting jobs and were wages are high compared to village. Agricultural sector facing problem of agricultural labour due to agricultural labourers are shifted to urban area because of wages in agriculture sector is low compared to urban wages. In this context, this chapter is an attempt to mark out the structural change in terms of input structure, production structure and employment structure. KEY WORDS: primary sector, Secondary sector, Tertiary sector, Agriculture, Agricultural crops cropping pattern, Cropping pattern.

The government expenditure has important role in generation of employment, increase social welfare and economic development of the nation. The government spending is financed mainly by revenue which includes the tax revenue and non-tax revenue. If there is deficit in the budget, the government takes borrowing from public to meet the gap between their revenue and expenditure. The government was facing a high level fiscal deficit. Indian economy was continuously facing problems in maintaining the fiscal balance and it was great challenge against macroeconomic stability. Therefore, fiscal imbalance situation forced the government to go for more borrowing by public which included both internal and external borrowings. The aim of the present paper is to examine the impact of the FRBM Act on public barrowing and fiscal balance in India. Also focused on trends and patterns of public expenditure, revenue mobilization, fiscal deficit and public debt after the introduction FRBM Act. The OLS Method used for test the empirical relationship between public debt and economic growth in India after the introduction of the FRBM Act. The OLS empirical results showed the FRBM Act have a significant effect on level of gross fiscal deficit at 1 percent level of significance but not statistically significant effect on level of public debt in India. GDP growth rate has a negative effect on the gross fiscal deficit at 5 percent level of significant. It shows when GDP growth rate is increasing fiscal deficit to GDP ratio is declining and vice-versa. Population growth has positive effects on gross fiscal deficit level at 10 percent level of significant. GDP growth rate and population growth rate does not have significant effects on level of public debt in India. Therefore, the study suggests that efficient debt management strategy is important for the sustainability of the budget, debt, and overall financial stability.

Agriculture in India is referred to as "Gamble of the monsoon". It has been observed that among Indian states. In recent years, many farmers in India have committed suicide, Uttar Pradesh, Maharashtra, Rajasthan and Karnataka record for high suicide rates due to indebtedness of agricultural households. Maharashtra accounted for the maximum share of farmer suicides and Karnataka second. Cultivators are more prone to commit suicide compared to that of Agricultural Labourers. The study found that the high poverty states have the highest farmers committing suicide. Among the cultivators, bankruptcy or indebtedness are the major factors leading to purposive killing of farmers killing themselves. The study is based on secondary data. The data such as number of cultivators, agricultural labourers by age, gender and size of landholdings have been collected and been used for further analysis. Indian States are categorized into low, middle and High Poverty states based on 'combined poverty line' estimated by Suresh Tendulkar. Also the farmers are divided into four groups according to size of landholdings (marginal, small, medium and large farmers) for clear analysis. Simple statistical tools such as averages, Coefficient of Variation and percentage are used to analyze and interpret the data. Out of 39.8 percent of total working population in India 21.7 percent of population are engaged in agricultural activities and are in distress and committing suicide which triggers a major loss to India's Human Capital resource. The study also shows that high rates of suicide are recorded in Maharashtra (34.1 percent) and Karnataka (12.5 percent) and therefore farmers' suicide is high among the high poverty states of India.