2020
DOI: 10.2139/ssrn.3612676
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COVID-19 : A Nightmare for the Indian Economy

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Cited by 20 publications
(16 citation statements)
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“…Based on the interim guidelines of WHO, most of the countries opted for several non-pharmacological measures such as social distancing and masking along with lockdown of varying time intervals. Though a huge global economic loss was incurred due to enforcement of restriction on outdoor activities [42], but lockdown was propounded to be the most effective way to mitigate this dreadful situation in the absence of any treatment procedures or therapeutic/prophylactic agents. Lockdown implementation proved to be a reasonably effective strategy even in India (despite being one of the most populous country in the world), as by the end of 4th lockdown (31st May 2020), total number of confirmed infection cases in India were 182,143 ( Fig.…”
Section: Effect Of Microbiota On Covid-19 Cases During Lockdownmentioning
confidence: 99%
“…Based on the interim guidelines of WHO, most of the countries opted for several non-pharmacological measures such as social distancing and masking along with lockdown of varying time intervals. Though a huge global economic loss was incurred due to enforcement of restriction on outdoor activities [42], but lockdown was propounded to be the most effective way to mitigate this dreadful situation in the absence of any treatment procedures or therapeutic/prophylactic agents. Lockdown implementation proved to be a reasonably effective strategy even in India (despite being one of the most populous country in the world), as by the end of 4th lockdown (31st May 2020), total number of confirmed infection cases in India were 182,143 ( Fig.…”
Section: Effect Of Microbiota On Covid-19 Cases During Lockdownmentioning
confidence: 99%
“…A contagion-focused study revealed that India should prepare for a health infrastructure crisis at present and an agonizing economic contraction in the near future if the government is unable to execute a proper policy framework [19]. After 3rd March 2020, we see this fall being proven true and being much more rapid than expected.…”
Section: Review Of Literaturementioning
confidence: 98%
“…Mehta [ 31 ] estimated the effect of COVID-19 on India’s economy at an earnings loss of about $28 billion in 2020, along with 70% job losses for tourism and hospitality workers, and mass bankruptcies [ 31 ]. Trend analysis was also used to examine the impact of COVID-19 on the global tourism and hospitality industry and global GDP [ 32 ].…”
Section: Research Approaches Usedmentioning
confidence: 99%