The COVID-19 accident has shown the fragility of our economic and social structures and highlights the necessity for a reevaluation of these areas. This paper's objectives are to evaluate how the outbreak of Covid 19 affected the Indian Economic, to analyse the societal failures faced by India while trapped in the Covid Pandemic, and to discuss the transformational strategies executed by Indian Government to strengthen the economic and social status of India during and post pandemic. There was a focus on qualitative analysis and the use of secondary materials for this study. Studies may be either explanatory (looking for the underlying principles at play) or descriptive (looking at the problem from every perspective), depending on the researcher's goals. Throughout the data analysis process, researchers used both inductive and deductive reasoning to narrow the field down to the most pertinent discoveries. The dread of a new recession and financial disaster has led many people to the conclusion that leaders in healthcare, industry, government, and society at large must show resilience and strength in the face of uncertainty. To ensure that no one is left behind, it is essential to create and alter emergency relief protocols as needed. If the economy is going to recover from this disaster, it is crucial to have plans for both the short and long term. If we want to see businesses with solid foundations and long-term viability succeed, we need a strategy for societal and economic growth that takes into account each industry separately and fosters.
Suresh Ghatge, MIT World Peace University (MIT-WPU), India
Anuradha Parasar, Galgotia University, India
About the Presenter(s)
Mr Suresh Ghatge is a University Doctoral Student at MIT WPU,Pne(Maharashtra,India) in India
See this presentation on the full schedule – On Demand Schedule