The COVID-19 pandemic has caused never-before disruptions in global economies, with India facing difficulties in its financial domain and economic landscape. The purpose of this research study is to estimate the long-term impact of the pandemic on India's financial sector, including major areas of economic growth, banking, market performance, and government policies. Based on an in-depth examination of GDP patterns, unemployment, inflation, and sectoral growth, this paper identifies both the short-term and long-term effects of COVID-19 on India's economy. The paper also assesses the efficiency of government measures, such as fiscal stimulus, monetary policy, and regulatory changes, in cushioning the economic impact. In addition, it also analyze the steps taken towards digital finance, consumer behaviour changes, and the strength of financial institutions in a post-pandemic setting. The report indicates that although India's financial system is heading towards recovery, long-term structural reforms are needed to achieve long-term stability and growth. The paper ends by presenting policy suggestions to improve India's financial infrastructure, make the economy resilient, and be ready for any future global economic crises. The report recognizes both short-term disturbances and long-term structural shifts in India's financial landscape. Although some sectors like agriculture and technology have remained resilient, others like hospitality and retail remain severely stressed. The report ends by calling for sweeping reforms in banking, digital finance, and fiscal policy to provide India's financial system with sustainable growth and resilience.
COVID-19 Impact, India's Financial System, Banking Stability, Non-Performing Assets (NPAs).
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.