Author: Uday Arora, M.A. Economics (with specialization in Trade & Finance)
ABSTRACT The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, India announced its first nationwide lockdown in March, which led to the economic slowdown. Consequently, India’s international trade took a huge hit as well. The objective of this report is to analyze and compare the trends of India’s imports and exports in the wake of the current pandemic, to determine the causes of disparities between them as well as to suggest the way forward.