Taking the History into consideration we are familiar with two severe outbreaks in the year 2002 SARS (Severe Acute Respiratory Syndrome) and in 2012 MERS (Middle East Respiratory Syndrome) in Southern China and South Arabia respectively. The SARS COV-2 is a Corona virus very similar to the one caused by SARS. COVID-19 is an infectious disease caused by a Mutated Corona virus introduced in humans for the first time. This Research paper talks about Corona virus – A Pandemic and its impact on world economy with special reference to Indian Economy. This particular research paper highlights the uncertainty in the future course and repercussions of Covid-19 leading to huge crashes and wealth Erosions. The impact on Demand, Supply, Financial Markets Crisis, and Financial Reporting are the focusing point. The Reports by various agencies reconsidering it to be a global slowdown. Through this research paper the impact and repercussion of Covid-19 will be thoroughly investigated on various sectors of Economy. In the a midst of an unfortunate Corona virus outbreak this research paper highlights the Scaling down of business operations, disruption In supply chain, reduced demands, and an overall contraction of Economic activity. This various Surveys are highlighting the consequences of Corona virus would bring recession in the world.