AN EVALUATION OF SAARC NATIONS’ GDP MATURATION – WITH SPECIAL REFERENCE TO THE INTERCONTINENTAL OUTBREAK

Abstract

This event of a crisis is like no other, and there happens to be a substantial amount of uncertainty about its extreme impact on people’s lives and livelihoods. A lot has been dependent on the epidemiology of the virus and the efficacy of containment measures, and the development of restoratives and immunizations, all of which are pretty hard to predict. In addition to the same, many countries are now facing multiple crises—a health crisis, an economic crisis, and a disintegration of commodity prices, which intercept in many complex ways. Government Officials are furnishingunparalleled support to all the households, firms, and financial markets, and, while this is crucial for a strong recuperation, there is reasonable uncertainty about how the economic landscape can look when we surface up from this downscale of lockdown.This article discusses the economic impact of the Coronavirus/COVID-19 crisis across various sectors, industries, and countries of the SAARC Nations. It also impartsapproximate figure of the potential global economic costs of COVID-19, and the GDP growth of the SAARC Nations.These SAARC Nations all together includes for 08 countries, and providing estimates of growth and prosperity under different scenarios.The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in the South Asia. Its member states include Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. .The SAARC consists of 3% of the total world's area, 21% of the total world's population and 4.21% (US$3.67 trillion) of the entire global economy, as of 2019.On the overall, this article provides the projections of the economic warfare which is under phase and is yet to subside across the globe assuming that the current rampant cools down and helps the population of the world bring back the pre-crisis scenario across the global economy