Understanding COVID -19 Theoretically through Bull Whip Effect and the Consequent Indian Economy

Abstract : COVID-19 is spreading not only human suffering worldwide but the Economic suffering too. Worldwide economists are trying to answer how, and how far and fast, will the economic damage spread? How horrific will it be? How long will the damage last? What will be the feasible mechanisms to mitigate the economic contagion? And, above all, what can Governments do to restore the situation? And India is not an exception to it. In this paper we are trying to understand the Covid 19 in the background of established economic theories and consequent Indian Economy.