A pandemic disease identified as COVID 19 in December 2019, reported in China later spreading to many other countries has laid a very bad impact on each of the economies. It has its impact on the developing economies in particular. India, known to have a developing economy producing good revenue from the tourism industry is being adversely affected. The other supporting industries like tourism, hotel industry, airline industry, international trade, Import-Export activities are also distressed due to the spread of the disease. There are 98192 confirmed cases and 3380 deaths were reported globally as on 6th March 2020 and WHO immediately declared a public health emergency which was accepted by all the countries and quick decisions are taken in this regard with immediate concerns of human welfare and health. Hon’ble Prime Minister of India and Ministry of Health and Family Welfare decided to make an appeal to the people travelling from other countries. They advised all the Indian citizens to abstain from travel to China and all existing visas would no longer be valid for any foreign national travelling from China. It is being forecasted that COVID 19 will affect the developing economy of India and the growth will slow down by 4% in 2021. KPMG report 4th April 2020 predicts that India’s GDP may fall below 3% if lockdown extends. Anand Mahindra supports KPMGs prediction and opinions that corona virus will be followed by global recession. WHOs chief scientist Dr. Soumya Swaminathan forecasts that rural India will be next hotbed of Corona Virus.