The present health crisis has harmful long-term consequences for Indian companies. Corona virus pandemic COVID 19's effect on the domestic economy could result in a slowdown in demand. This will lead to the erosion of buying power because of loss of jobs or salary freezes, and the effect on discretionary demand will be more significant. India's GDP bottomed out over the course of the fourth quarter of 2019 and the first quarter of 2020. Next year, India's growth is expected to be between 5.3% and 5.7%. Many systemic vulnerabilities have been exposed during the COVID-19 pandemic. Despite our extensive crisis management experience, this virus has trapped us all indoors. Due to COVID-19, the Indian economy has suffered greatly. There could be a four percent permanent loss to India's real GDP as a consequence of rapid corona virus pandemic. According to estimates, India's GDP growth rate will be around 1.9% for 2020-21. It is expected to be the lowest in India since the country grew at 1.1% in 1991-92. Currently, we can see that COVID19 has wreaked havoc in numerous sectors including the tourism and aviation, the telecom, automotive, and transportation industries. Within particular scenario, because all retail sectors have closed down, the employees are at maximum risk of losing their jobs. This study is carried out to bring out the impact of COVID 19 on the GDP of India along with exports and imports. The secondary data used in the study article was gathered from a range of online publications, periodicals, books, journals, etc. and developed utilizing the structural analysis technique that are presented in charts and tables. The data collected from 2015 to 2020 for the purpose of conducting the research and drawing conclusions for this study. Precise data estimation is not practical since only secondary sources were employed for data gathering in this study and because the epidemic is still active. Continuous worldwide COVID-19 monitoring indicates a strong probability of a global COVID-19 reduction in 2020 or 2021. Social segregation rules, initiatives to postpone or cancel reunions, and the use of face shields and disinfectants have to remain the standard up until the virus is completely eradicated. The connection between the economy and human behavior prevents the government from reviving the economy on its own. It is without a doubt time to prepare for a renewable, structurally sustainable future for work and living given that nations, organizations, industries, and multinational businesses continue to understand the gravity of a pandemic. Even if the unanticipated event severely affected the economy, especially during lock-up periods, tax measures must be put in place in response.