Impact of Covid-19 in India: Issues , Challenges and Opportunities


Abstract views: 320 / PDF downloads: 320

Authors

  • Ruchi Kansal Dr., Associate Professor Faculty of Management & Commerce, Himalayan Garhwal University, Uttrakhand, India. E-mail:kanruchi@gmail.com
  • Mahtab Ahmed Research Scholar Department of Commerce, Himalayan Garhwal University, Uttrakhand, India E-mail: mahtab08@gmail.com

DOI:

https://doi.org/10.46291/ISPECIJSSHvol4iss5pp438-448

Keywords:

COVID-19, GDP, Lockdown, Pandemic, Social Distancing, Unemployment

Abstract

The first case of COVID-19 was detected in Wuhan city of China. The mysterious virus believed to have been spread by the sea food or bat. In a few days ,it gripped the entire world. Consequently, WHO(World Health Organisation) had to declare it a pandemic. There was no option before the world except social distancing and lockdown to keep safe from it. There are a number of issues such as disruption of supply chain, shutdown of core manufacturing sectors , loss of revenues from railways, aviation, tourism, unemployment, problems of the migrant workers, poverty , collapse of informal sectors, Micro Small and Medium enterprises and e-commerce. There are challenges before the country to deal with these issues as how to manage the survival , provide employment, eradicate poverty and improve the health sector. The country can seek various opportunities from lockdown such as utilisation of manpower , information and machine technology. The positive impact of lockdown has fallen on environment. Pollution levels have come down. Air has cleaned and Air Quality Index has improved. The paper examines the impact of lockdown, issues of economic growth as well as the opportunities wrought from the crisis.

References

Anirab, N., Sircar .S. (2020). Virus Crisis is a chance for India to finally reform its Economy. The Economic Times.

Deepak, P.(2020). It will take India nine months to come out of Virus crisis. The Economic Times.

Gaurav, Yogima, S. (2020). Coronavirus Outbreak will set back India’s growth Recovery. The Economic Times.

Information and Credit Rating Agency.(2020). COVID-19 to hurt IT Services Sector ,Growth may fall to 3.5% in FY 21. Press Trust of India.

International Monetary Fund.(2020). COVID-19 : A Sharply Negative Economic Growth Fall out since the Great Depression. Press Trust of India.

Manmohan, S.(2020). Economic slowdown, Coronavirus Crisis, Social Disharmony Dangerous Trinity for India. Business Today.

Nag, A. (2020). India Jobless rate swells above 23% amid Coronavirus Lockdown. Bloomberg.

Prabhash, D.K. (2020). Slowdown Blues: State of Indian Economy and its Fragile Five Past. India Today.

Sharma, S.(2020). Real Economy is bad shape, don’t get Romantic about this Market Rally. The Economic Times.

Shashikant, U.(2020) . Coronavirus Lockdown Impact: We have to help the Migrants find a home. The Economic Times.

Tanvee,J, J. (2020). Coronavirus Pandemic: Slump in Indian Economy to be limited if situations improves by mid May. Business Today.

United Nations .(2020). About 400 Million workers in India may sink into Poverty. Press Trust of India.

Downloads

Published

2020-12-31

How to Cite

Kansal, R., & Ahmed, M. (2020). Impact of Covid-19 in India: Issues , Challenges and Opportunities. ISPEC International Journal of Social Sciences & Humanities, 4(5), 438–448. https://doi.org/10.46291/ISPECIJSSHvol4iss5pp438-448

Issue

Section

Articles