Covid-19 pandemic is defining the global health crises of our time, impacting various economies universally. It is one
of the most lethal pandemics that the world has witnessed, impacting over 4.11 million citizens and more than 2,82,000 fatalities
as on 11th May, 2020. This paper aimed at analyzing the impact of Covid-19 over the various world economies and the initiatives
taken to reduce the sufferings of the inhabitants. The paper also includes a global comparative analysis of few of the worst
affected economies- Italy, United States of America &United Kingdom and throws light on the impact of COVID-19 on these
economies and the initiatives taken by them to battle the situation . The paper concluded that the effects of the virus will be felt in
all the sectors for a long period of time post COVID-19 phase and suggested some measures like more emphasis on Research,
encouraging the use of locally produced goods, reducing the inter-state disparities to control the large scale migration, investing
towards .
