Contagion effect of COVID-19 outbreak: Another recipe for disaster on Indian economy

Abstract

The global outbreak of COVID-19 and subsequent lockdowns raises serious economic concern and havoc worldwide. This article tries to provide an economic perspective of COVID-19 in India using some statistical figure of economic indicators. Analysis is based on the data collected for macro-economy, travel & tourism, transportation, stock market, human capital and trade. Finding revel that India could experience a health debacle at present and excruciating economic contraction in the near future if the government is unable to execute a proper policy framework. Based on the discussion, a few policy suggestions have been presented to counter both health and economic crisis. © 2020 John Wiley & Sons, Ltd