Impact of COVID-19 pandemic on the Indian economy: A critical analysis.

This paper is an analysis of the economic impact of the Covid-19 pandemic in India. The economic crisis after March 2020 affected all the sectors of the Indian economy and led to a loss of employment to the tune of at least 15 million. Using an Input-Output (I-O) framework, we create four scenarios of losses to the Indian economy. We estimate that India’s GDP growth rate in 2020-2021 may range from –4.3% to –15%.