Socioeconomic impact due to COVID-19: An empirical assessment

Highlights：

• Analyzed socio-economic impact: pre, during and post lockdown periods.

• Considering India, we observed the following:aProduction: Halt in industrial production led to an approximately threefold increase in the unemployment rate.bIndexing (non-essential items): Capital goods and consumer durables dropped down to 7.1 and 5.1, respectively.cFuel demand: Demand for fuel and related products dropped down by almost 50%.dEquity markets: They dropped abruptly even before the announcement of the lockdown.eAssets: Gold and silver were reliable as compared to equity markets.

• A socio-economic framework is presented to depict the policy-level interventions undertaken to mitigate upheaval induced by the pandemic.

• Our case study could represent other countries/regions of the world.

摘要

•Analyzed socio-economic impact: pre, during and post lockdown periods.•Considering India, we observed the following:aProduction: Halt in industrial production led to an approximately threefold increase in the unemployment rate.bIndexing (non-essential items): Capital goods and consumer durables dropped down to 7.1 and 5.1, respectively.cFuel demand: Demand for fuel and related products dropped down by almost 50%.dEquity markets: They dropped abruptly even before the announcement of the lockdown.eAssets: Gold and silver were reliable as compared to equity markets.•A socio-economic framework is presented to depict the policy-level interventions undertaken to mitigate upheaval induced by the pandemic.•Our case study could represent other countries/regions of the world.

论文评审过程：Received 19 August 2021, Revised 26 October 2021, Accepted 1 November 2021, Available online 15 November 2021, Version of Record 29 November 2021.