The Impact of COVID-19 Epidemic on Indian Economy Unleashed By Machine Learning

ABSTRACT

The outbreak of the Corona Virus (COVID-19) that has begun in December 2019 drastically affected the world. Endemic Coronavirus (COVID-19) is rapidly growing across the globe. SARS-CoV-2 is the virus name that causes a highly contagious and deadly disease COVID-19. It also entered India by the end of January 2020 and has significantly influenced India. More than two million people worldwide have been confirmed to have been contaminated with this virus as of the date (29 July 2020), and more than 7, 24,000 have died of this disease. The governments of most countries, including India, have already taken several measures to reduce the spread of COVID-19, such as lockdown, social distancing, closure of shopping malls, gyms, schools, universities, religious gatherings, etc. This lockdown has affected every Indian sector, such as the Economy, Retail Sector, Tourism Industry, etc. This paper aims to explore to what extent a 2020 epidemic like Covid-19 had impacted the Indian economy using a machine learning approach. The statistical data from esteemed and trustworthy information sources were gathered to realize the impact of the Corona Virus on the Indian economy. Based on this trusted data, analysis has been performed using the various regression models. © 2021 Institute of Physics Publishing. All rights reserved.