International Journal of Economics and Financial Issues ISSN: 2146-4138 available at http: www.econjournals.com International Journal of Economics and Financial Issues, 2020, 10(5), 113-120. International Journal of Economics and Financial Issues | Vol 10 • Issue 5 • 2020 113 The Impact of COVID-19 Pandemic on Different Sectors of the Indian Economy: A Descriptive Study Gurpreet Singh Sidhu 1 , Jaskirat Singh Rai 2 *, Kanwarvir Singh Khaira 3 , Sarabjit Kaur 4 1 Department of Management, Punjab State Aeronautical Engineering College, Patiala, Punjab, India, 2 Chandigarh Business School of Administration, Chandigarh Group of Colleges, Landran, Punjab, India, 3 School of Management Studies, Punjabi University, Patiala, Punjab India, 4 Department of Commerce, Chandigarh Group of Colleges, Landran, Punjab, India. *Email: jaskirat.4117@cgc.edu.in Received: 16 June 2020 Accepted: 28 August 2020 DOI: https://doi.org/10.32479/ijefi.10461 ABSTRACT COVID-19 is changing the world we live in for the worst, and almost all parts of the world are stuck with hung economies and people’s lockdown in their homes. This pandemic is not only taking a toll out of health care systems and peoples’ lives but also its impacting world economies and resulting in job losses, business disruptions and making us head towards one of the worst times ever for people on earth. Almost, all the industries are undergoing massive declines in their businesses, and the impact is that much gigantic of this pandemic, that they are projecting worse times ahead. This paper focuses on different industries, which are most affected by the pandemic and how this results in job losses and the world economy. Keywords: COVID-19, Indian Economy, Industries Fallout, Recession JEL Classifications: E44, O5 1. INTRODUCTION The disease of Coronavirus started in China in late 2019. However, in early 2021, it started to spread to other parts of the world (Wu, et al., 2020). The eruption of the Covid-19 pandemic is an exceptional stun to the Indian economy. The economy was at that point in a parlous state before Covid-19 struck. On and off the chance if Indian economy were an individual, its salary in 2020-2021 and 2021-2022 would be not as much as what it was in 2019-2020, this is the thing that the most recent World Bank estimates let us know. It is enormous, exceptional, and financial torment ahead. Both preparations and governmental issues should assume a significant job to reduce this instead awful strategy can even wreck financial restoration. With the darnation of interest and flexibly chains, the economy is probably going to confront an extended time of hiatus. The size of the financial effect will rely on the span of the wellbeing emergency—the term of the lockdown, and the way where the circumstance unfurls once the lockdown is lifted. Most businesses that figure out how to endure the COVID-period monetarily, will be able to develop successfully. As it’s been said, “You have to live, to be in the game.” When the world sees through this pandemic, there will be a hope of interest in purchasing, travel, and the tourism industry. The transportation, development material, metals, and product areas will likewise observe an upswing. Businesses will reevaluate their technique of concentrating on deals without productivity/benefit development. Associations guaranteeing heavy valuations just based on deals development will no longer discover purchasers–center around benefit and benefit development will be the new typical. The lockdown came when the economy was battling. Exchange across areas was assessed to be affected. Other than the import This Journal is licensed under a Creative Commons Attribution 4.0 International License