Global macroeconomic indicators revealed that another recession was about to hit the economy worldwide. Therefore, it can be quite easily understood the kind of economic turmoil COVID-19 has created which shattered the already weak economic condition of mainly developing countries. Under such a scenario, India is also no exception to this. Almost 75% of the Indian economy was impacted by the process of lockdown that was introduced to curb the Corona pandemic

1. Indian Economy Post COVID-19 Outbreak On Global Scale
ME & EU
USA
China
Global
China
India
S&P 500
Sensex
Nifty
Brazil
China
India
Australia
China
India
China
EU
USA
17%
37%
9%
2.4%
1.6%
5.3%
-8.2%
-26.7%
-8.3%
Corona is posing threat to
Indian Export as COVID
affected nations captures
the highest share in India’s
total Export
Indian Economic Growth is
expected to register 5.3% in
2020, with COVID-19 shaving
off 0.4ppts as against pre-
corona situation of 5.7%
Market tumbles into biggest
Single-Day fall in March 12,
2020 due to dramatic decline
in global financial market
and slump in oil prices
16%
7%
18%
40.3
54.5
50.2
9.2%
-9.3%
-11.0%
India’ Import Basket is at
risk as major COVID
affected nations captures
the highest share in India’s
total Import
February 2020, PMI Data
for 3 Major Asia-Pacific
Nations
(PMI <50=Contraction;
PMI >50=Expansion)
Real GDP Estimated
Growth Rate (%) in 2Q20
QoQ for Top 3 BRICS
Nations
Economic
Indicators
Demonstrating
COVID-19 Impact
*Note: Purchasing Managers’ Index (PMI) is an indicator of business activity -- both in the manufacturing and services sectors. It is a survey-based
measures that asks the respondents about changes in their perception of some key business variables from the month before
In India &
Australia
PMI
Indicates
Growing
Economic
Stress
BRICS
Growth
Prospects
Sinks for
the First
Half 2020
Nations &
Regions
With the
largest
share in
India’s
Import
Basket
GDP Growth
*PMI Data
Import
Nations &
Regions
With the
largest
share of
India’s
Export
Basket
Export
India’s
expected
economic
growth in
2020 as
against
Global
Scenario
Year-to-
date
performa
nce of
major
stock
indices of
India and
USA
Economic Growth
Market Meltdown