COVID-19 Impact on Industries & Sectors in India

Introduction What is COVID19?

The corona virus didn’t escape from lab.The source of the coronavirus is believed to be a “wet market” in Wuhan which sold both dead and live animals including fish and birds.

On the basis of current scenario :

”It could take three years for the US economy to recover from COVID-19”

”This year will bring recession for all the countries except India and China”

Who is concerned about the global economy now?

How long are we going to suffer?

When is the virus going to die?

When will we be free unaffected?

Is anybody realising the chaos , the burden , the tension , that suicidal feeling we are going through at this point of time.?

Even if there is no worldwide recession, we common man are going to suffer mentally, physically and financially.

”We are the global economy”. We make the global economy as a whole. We have joined hands and made the economy grow. if we don’t understand the crisis , the situation we are facing each one of us ..If we don’t understand the measures we need to take to get out of this crisis, the economy as a whole will definite suffer…”no doubt”.

Today, we are in a city, which has been completely locked down. god knows for how long, we are not able to go out to the streets, we cant go out for entertainment, shopping..Economic activity will be substantially negatively affected. China will be definitely hit with a reduced global demand for its products due to the outbreak on economies around the world.

India’s huge IT company’s struggles with work from home.This is why many big firms have asked their employees to do work from home in order to protect themselves from this diseases which is spreading like fire in the forest. ITS IMPACT

In India everyone is staying in, flowing prime minister narendra modis call. it is for the common man , a health emergency as well as financial crisis. God knows how long this grave is going to last.

Conclusion To end up this, I would like to convey a message that protect yourself and others from infection by washing your hands or using an alcohol based rub frequently and not touching your face. From all these impacts, we can say corona virus will change the world permanently.A global, novel virus that keeps us contained in our homes—maybe for months—is already reorienting our relationship to each other including the government as well as the outside world.

Last Update on:January 3rd, 2024 at 9:11 am