2. ~ Covid Impact On Indian
Economy
From April to June 2020, India`s GDP dropped by
a massive 24.4%. According to the latest national
income estimates, in the second quarter of the
2020/21 financial year (July to September 2020),
the economy contracted by a further 7.4%.
The recovery in the third and fourth quarters
(October 2020 to March 2021) was still weak, with
GDP rising 0.5% and 1.6%, respectively. This
means that the overall rate of contraction in India
was (in real terms) 7.3% for the whole 2020/21
financial year.
In the post-independence period, India's national
income has declined only four times before 2020 –
in 1958, 1966, 1973 and 1980 – with the largest
drop being in 1980 (5.2%). This means that
2020/21 is the worst year in terms of economic
contraction in the country’s history, and much
worse than the overall contraction in the world
Fall In GDP Of India...
3. CORONAVIRUS IMPACT ON VARIOUS
SECTOR
industrial
41%
domestic
25%
agricultur
e
18%
commerci
al
8%
others
8%
IMPACT OF PANDEMIC ON SECTORS
• Covid – 19 and agriculture and food security.
• Covid – 19 and the tourism sector.
• Covid – 19 and maritime shipping& fishing.
• Covid – 19 and the education sector.
• Covid – 19 and the health sector.
• Covid – 19 and the civil aviation.
• Covid – 19 and the textile, clothing, leather and
footwear industries.
• Covid – 19 and food retail.
• Covid – 19 and the automotive industry.
• Covid – 19 and public emergency services.
• Covid – 19 and road transport.
• Covid – 19 and public service.
• Covid – 19 and forest sector.
• Covid – 19 and the media and culture sector.
• Covid – 19 and urban passenger transport services.
• Covid – 19 and care workers providing home or
institution based care.
• Covid – 19 and the construction sector.
• Covid – 19 and the meat processing sector.
• Covid – 19 and the port sector.
~ Covid Impact On Indian
4. COVID-19 PANDEMIC- A GLOBAL HEALTH & ECONOMIC
CRISIS.
INDIA: SECTORS ACROSS BOARD FACING THE HEAT
~ Covid Impact On Indian
Economy
Tourism & Aviation
With international and domestic travel
closed ,large scale cancellations taking
place. Indian association of tour operators
estimates a combined loss of USD 1.13
billion in hotel, aviation & tourism.
5. Media & entertainment
•Advertising expenditure on television is
expected to decline 50% - 55% between
April-June, FY2021 – if the lockdown
continues IPL cancellation has resulted
in a revenue loss of USD 332.4 – 398.3
million.
~ Covid Impact On Indian Economy
6. Retail
•According to confederation of all Indian
traders (CAIT), the country`s retrial sector
has faced losses of up to USD 30 billion
over the past fortnight non- grocery/food
retailer's reporting an 80% to 100%
reduction in sale.
~ Covid Impact On Indian
Economy
7. Consumer durables
•India imports 45% completely built units
of consumer durables from China. India
also import nearly 70% of the
components for television, and other
consumer durable products Chinese
suppliers have reportedly prices if TV
panels by more than 15%.
~ Covid Impact On Indian
Economy
8. INDIA AND THE WORLD DURING
PANDEMIC
~ Covid Impact On Indian
Economy
10. The COVID-19 pandemic has had a detrimental effect on the
labour market worldwide, causing many individuals to lose their
jobs and businesses to close.
The CMIE also reported that the unemployment rate for the
urban areas increased from 8.21% to 9.3%, and from 6.44% to
7.28% for the rural areas.
To contain the spread of COVID-19, a nationwide lockdown was
imposed from late March till May 2020. During the lockdown,
severe restrictions were placed on the movement of individuals
and economic activities were significantly halted barring the
activities related to essential goods and services.
Unemployment rate in urban areas rose to 20.9% during the
April-June quarter of 2020, more than double the
unemployment rate in the same quarter the previous year
(8.9%).
Unemployment rate refers to the percentage of unemployed
persons in the labour force. Labour force includes persons who
are either employed or unemployed but seeking work.
The lockdown restrictions were gradually relaxed during the
subsequent months. Unemployment rate also saw a decrease
as compared to the levels seen in the April-June quarter of
11. From March 2020 Till Now India Is Still Facing Economical Issue And
We As A Consumer Can See The High Rates Of Commodities!
Its A Clear Post- Effect Of Covid-19 That Still We Are Facing
To Getting In Settle Position Government Is Trying To Balance Each
Thing As Earlier.
At Last We Faced A Lot Due To This, Now Its Time To Boost Up!
Thank you ~ Covid Impact On Indian Economy