Journal of Food, Agriculture and Environment

Impact of covid-19 on Indian economy with special reference to production sector

Author(s):

M. Kollapuri

Recieved Date: 2022-08-11, Accepted Date: 2022-09-21

Abstract:

The study examines the productivity of agriculture, micro, small, and medium scale enterprises in India 2019-2021 and analyses the impact of covid-19 on the Indian economy concerning the production sector. Data from an impact study of covid-19 conducted by NABARD was used and the percentage of various products from Indian states have been found with low production in agriculture and other branches of the production sector. Allied branches of agriculture and MSMEs have faced troubles though covid-19. Overall results suggested that pandemic has created more vulnerability in all the branches of agricultural products. Further, the performance of MSMEs have declined and registered negative growth. Apart from that, the pandemic distracted the demand and supply sides of the production and created more volatility and instability in the Indian economy especially on production, consumption and trade of produced goods. The pandemic has given various threats to agriculture and production of various products from MSMEs have stalled. However, the study suggests that it is the duty of government entities and individuals of the country to coordinate to fight against a pandemic.

Keywords:

  Agriculture, MSMEs, productivity, pandemic, India

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Journal: Journal of Food, Agriculture and Environment
Year: 2022
Volume: 20
Issue: 3&4
Category: Agriculture
Pages: 63-68

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