Indian industries face varying impacts of COVID-19 supply shocks, government unveils recovery plan.
The article analyzes the impact of COVID-19 on India's economy from March to June 2020. It breaks down the effects into demand and supply shocks across different industries. The study shows that supply shocks were more significant than demand shocks, affecting industries differently. Some industries, like food products, textiles, chemicals, and electrical equipment, experienced positive demand shocks but were still impacted by negative supply shocks. The government responded with the Atmanirbhar Bharat Abhiyan to help industries recover and become more self-reliant in the future.