Abstract

Abstract:The study examines how individual wellbeing marred by pandemic, changed into aSocial-Psychological-Economic trauma. The spread of the coronavirus has broughtthe worldwide economy to its feet. Health emergencies prompted the shutdown ofmarkets, corporate workplaces, organizations, schools and collegesdue toimposition of lockdown, leading to economic emergencies. The study is centredaround the period from the beginning of the pandemic to till date, when thecoronavirus has started spreading into different nations, markets and economies.Impact of the corona crisis on different segments of theeconomy, health, business,is being descriptively analysed through the use of various secondary datasources. Lack of proper treatment, medication and unavailability of vaccine,makes the situation more volatile. The study uncovers that the imposition of lockdown,international and domestic travel restrictions have significantly broughtglobal economy into recession, with special reference to India.

Keywords-Covid19; Lockdown; Economy; Coronavirus; Recession