COVID-19 Impact On Stock Market and Economy of India

Abstract

Background: The current coronavirus (SARS-COV2/ Covid-19) pandemic has wreaked havoc on the global economy and India has been hit significantly in every sector from banking and tourism to infrastructure development and rural-urban consumption.Objectives: To snapshot a broad market view of stocks, mutual funds, FDI and the general economy of India during the current Covid-19 pandemic.Methodology: Secondary data research using google scholar, Open Athens, government and United Nations reports and online verified news outlets.Findings: The current pandemic has led the market to crash however immediate necessary fiscal implementations of major economies have ensured the markets have also seen one of the fastest recoveries and thus we are presented with a unique opportunity to make the right choices and consolidate the market and economy in such a way that this recovery is sustained on a strong foundation rather than short-term market sentiment.