Impact of COVID-19 on gross value added of Indian service sector

Abstract

This paper attempt to analyze the Covid -19 pandemic impact on the gross value added of the Indian service sector. The purpose of present study is to examine the relationship between the number of Covid -19 confirmed cases in India and gross value added of service sector and sub-service sector of India. The results of the study suggest that number of Covid -19 confirmed cases have a negative impact on the gross value added of the service sector and sub-service sectors of India. However, the negative impact of Covid -19 confirmed cases on the gross value added of the service sector and sub-service sectors of India is not statistically significant. This study also suggests what steps the government can take to revitalize the service sector. The present study is quantitative. For the purpose of study data collected from FY 2019 to the first quarter of FY 2021-22. The study is based on secondary data. The database of the Ministry of Statistics and Programme Implementation was the source of information for the Indian Service Sector GVA and the Ministry of Health and Family Welfare (MoHFW) was the source of information for the number of confirmed Covid -19 cases in India.