Impact of Covid -19 Pandemic on Green Industry

Abstract

The paper investigates the COVID-19 Pandemic’s impact on India’s Greenex industry. For this purpose, the present study selected the BSE Greenex Index from the BSE (Bomby Stock Exchange) of India. By using the logarithm to converted daily price into the daily returns for further analysis. Descriptive Statistics, ADF Test, Q-Q Plot and GARCH (1, 1) Model were used and its results showed that the BSE Greenex index recorded positive return with the highest return. The ADF Test confirmed that the data attained the Unit root at level difference. The study also found that the BSE Greenex Index were volatile throughout the COVID 19 Pandemic Period. Thus the study concluded that COVID 19 Pandemic influenced the Indian Greenex sectors, during the study period.