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India, one of the most populous and massive nations in the world, has been hit hard by the COVID-19 epidemic, which is quickly becoming a worldwide health emergency with serious financial ramifications. The world's greatest shutdown was imposed to contain the virus, which posed an unprecedented threat to India's already vulnerable economy. The informal sector, micro, small, and medium-sized enterprises (MSME), financial markets, and banking institutions are among of the areas that this research examines in depth as they relate to the Indian economy and the epidemic. It looks at the economy before COVID-19, during and after the lockdown, and at the possible long-term effects of the pandemic. Furthermore, the research delves into the policy actions taken by the Indian government and the Reserve Bank of India to lessen the impact of the economic shock and provides suggestions for encouraging a robust rebound. Healthcare preparedness, digital infrastructure, and financial sector stability are crucial in navigating the road to recovery, and the results highlight the need of specific policy measures to assist the most impacted sectors and segments of the population.
Nisha et al. (Mon,) studied this question.