Macro-Economic Impact of Covid-19 on the Economy of Chhattisgarh - Report I

Thus, the structure (relative presence of agriculture, manufacturing, and service sectors) of the economy of a state will be one of the determining factors in the extent of economic losses suffered by the state and has to be considered while assessing the economic impact of Covid-19. [...] Thus, the structure (relative presence of agriculture, manufacturing, and service sectors) of the economy of a state will be one of the determining factors in the extent of economic losses suffered by the state. [...] Owing to the impact of the pandemic on the country, as a whole, and the impact of GST collections, in particular, the shortfall in revenues of GOI would also impact the transfers to the state. [...] 29 Assessment of Revenue Loss and of the sectoral challenges: The analysis emanating from all the above lead to an assessment of revenue loss and also an understanding of sectoral challenges both in the context of revenue generation and in terms of expenditure priorities. [...] Impact of Covid-19 on the Indian economy We undertook a literature review for the impact on Indian economy with three objectives: • to identify trends regarding the sectors of the economy that are impacted the most and to what extent so as to adapt those estimations in the context of Chhattisgarh; • to estimate the impact on central governments grants to the state of Chhattisgarh; and • to explore.