The COVID-19 pandemic has severely impacted the Indian economy through widespread lockdowns. It has decreased workforce participation across all sectors, leading to job losses. While agriculture has remained relatively stable, other primary sectors like petroleum have seen major declines in consumption. Manufacturing has been heavily disrupted with many factories shut down. Tertiary sectors like education, finance, and hospitality have also been negatively impacted. The government faces challenges in balancing health risks with economic dangers and supporting vulnerable populations and supply chains during the crisis.
The document discusses the impact of COVID-19 on the Indian economy. It notes that India reported its first COVID-19 case in January 2020. The pandemic caused a catastrophic health crisis and the lockdown measures implemented in March 2020 had a significant negative impact on various economic sectors in India like tourism, manufacturing, and MSMEs. This led to a sharp rise in unemployment and fall in GDP. The government announced various economic relief packages to support the economy during the crisis.
The document provides a weekly media update comprising news related to Balmer Lawrie and PSEs, as well as news from the industries that Balmer Lawrie operates in. It mentions that Balmer Lawrie's travel, tourism and logistics businesses have been badly hit by the lockdown, contributing 40% of annual revenue and 60% of profits previously. Several reports outline projections of a significant contraction in India's GDP for the fiscal year 2021, as well as forecasts of economic decline for other Asian countries due to the impact of the pandemic.
Impact of Covid-19 on Sectors of Indian Economy and Business Survival StrategiesDr. Amarjeet Singh
The entire world is in the clutch of Coronavirus. The dissemination of the virus is so colossal that it compelled the World Health Organisation (WHO) to declare it as pandemic. The outbreak of the virus has unprecedented implications on the global economy. Severe economic burden and grave consequences have to be borne by the Indian industries in this backdrop of declining economic situation due to coronavirus. Thus, this article is intended to study the repercussions of coronavirus on different sectors of Indian economy and to highlight the reasons for which India can be benefitted in the post pandemic period and mainly to specify the business survival strategies which is the key to overcome this tough situation.
The COVID-19 pandemic is having a severe impact on the Indian economy through both demand and supply-side shocks. On the demand side, sectors like tourism, hospitality, aviation, and retail are facing major declines. Consumption is falling due to job losses and income declines. Supply chains have been disrupted by factory shutdowns in China. Exports are down as key markets like China have slowed. Multilateral agencies have significantly lowered India's growth projections for 2020 and 2021. The Indian government and RBI need to take steps like lowering interest rates, increasing liquidity support, easing credit policies, and increasing fiscal spending to mitigate the economic impacts of the pandemic.
Impact of covid-19 on garment sector in bangladeshKhademulIslam15
The document discusses the impact of the COVID-19 pandemic on Bangladesh's garment sector. It notes that the garment industry is a key contributor to Bangladesh's economy, accounting for over 80% of exports and 20% of GDP. However, the pandemic has severely impacted the sector through cancelled orders and declining revenues. This has led to widespread job losses, with over one-third of garment workers estimated to have lost their jobs. The economic fallout from troubles in the garment industry poses major challenges for Bangladesh and risks exacerbating unemployment and poverty in the country.
- The document discusses the impact of COVID-19 on the Indian economy and various sectors. It notes that sectors like tourism, hospitality, aviation have been hit the hardest and consumption is declining due to job losses and falling incomes. The financial markets have also become volatile.
- On the supply side, factory shutdowns and delays in supplies from China are impacting manufacturing. Exports are also declining. Agriculture and poultry, aviation, tourism, education, and entertainment have all faced major disruptions and losses.
- Suggestions provided include financial aid and support for impacted sectors, promoting digital payments, and according essential service status to fintech companies to support the financial system.
The document discusses the impact of COVID-19 on the Indian economy. It notes that India reported its first COVID-19 case in January 2020. The pandemic caused a catastrophic health crisis and the lockdown measures implemented in March 2020 had a significant negative impact on various economic sectors in India like tourism, manufacturing, and MSMEs. This led to a sharp rise in unemployment and fall in GDP. The government announced various economic relief packages to support the economy during the crisis.
The document provides a weekly media update comprising news related to Balmer Lawrie and PSEs, as well as news from the industries that Balmer Lawrie operates in. It mentions that Balmer Lawrie's travel, tourism and logistics businesses have been badly hit by the lockdown, contributing 40% of annual revenue and 60% of profits previously. Several reports outline projections of a significant contraction in India's GDP for the fiscal year 2021, as well as forecasts of economic decline for other Asian countries due to the impact of the pandemic.
Impact of Covid-19 on Sectors of Indian Economy and Business Survival StrategiesDr. Amarjeet Singh
The entire world is in the clutch of Coronavirus. The dissemination of the virus is so colossal that it compelled the World Health Organisation (WHO) to declare it as pandemic. The outbreak of the virus has unprecedented implications on the global economy. Severe economic burden and grave consequences have to be borne by the Indian industries in this backdrop of declining economic situation due to coronavirus. Thus, this article is intended to study the repercussions of coronavirus on different sectors of Indian economy and to highlight the reasons for which India can be benefitted in the post pandemic period and mainly to specify the business survival strategies which is the key to overcome this tough situation.
The COVID-19 pandemic is having a severe impact on the Indian economy through both demand and supply-side shocks. On the demand side, sectors like tourism, hospitality, aviation, and retail are facing major declines. Consumption is falling due to job losses and income declines. Supply chains have been disrupted by factory shutdowns in China. Exports are down as key markets like China have slowed. Multilateral agencies have significantly lowered India's growth projections for 2020 and 2021. The Indian government and RBI need to take steps like lowering interest rates, increasing liquidity support, easing credit policies, and increasing fiscal spending to mitigate the economic impacts of the pandemic.
Impact of covid-19 on garment sector in bangladeshKhademulIslam15
The document discusses the impact of the COVID-19 pandemic on Bangladesh's garment sector. It notes that the garment industry is a key contributor to Bangladesh's economy, accounting for over 80% of exports and 20% of GDP. However, the pandemic has severely impacted the sector through cancelled orders and declining revenues. This has led to widespread job losses, with over one-third of garment workers estimated to have lost their jobs. The economic fallout from troubles in the garment industry poses major challenges for Bangladesh and risks exacerbating unemployment and poverty in the country.
- The document discusses the impact of COVID-19 on the Indian economy and various sectors. It notes that sectors like tourism, hospitality, aviation have been hit the hardest and consumption is declining due to job losses and falling incomes. The financial markets have also become volatile.
- On the supply side, factory shutdowns and delays in supplies from China are impacting manufacturing. Exports are also declining. Agriculture and poultry, aviation, tourism, education, and entertainment have all faced major disruptions and losses.
- Suggestions provided include financial aid and support for impacted sectors, promoting digital payments, and according essential service status to fintech companies to support the financial system.
The economies are integrate with each other and nations need cooperation and coordination among themselves to overcome the economic crisis. Moreover, the nations should co-operate, coordinate and help each other to fight against Coronavirus. Subject to immediate relief from pandemic, the economic recovery from this fatal disease is only possible by 2021. It has already left severe impacts on the global economy and the countries face multiple difficulties to bring it back in a stable condition.
Covid-19 and Indian Economy Issues and Challenges by Dr. R. H. Pavitha, KSOU,...RHPavithra
This document summarizes the impact of COVID-19 on the Indian economy and its key sectors. It discusses how the pandemic and lockdown have disrupted economic activities and sectors like agriculture, industry, and services. The primary sector faces issues like lack of labor, low prices, and supply chain disruptions. The secondary sector is impacted by falling demand, profits, and jobs. The services sector sees declines in travel, exports, and new orders. Unemployment increased initially but has reduced. Future jobs may emerge in health, education, e-commerce and agriculture. The government has undertaken liquidity and relief measures for businesses. Overall, a full recovery will take time as COVID changes how the world works.
ANALYSIS OF ALL SECTORS OF INDIAN ECONOMY.
An analysis of the consumer retail sector (including food and beverage, apparel and footwear, beauty), automotive, travel, and hospitality services.
The document discusses the impact of Covid-19 on various sectors of the Indian economy including pharma, banking, and IT. It analyzes key companies within these sectors and finds that while some pharma companies like Sun Pharma were negatively impacted, others like Cipla and Alkem Labs grew profits during the pandemic. Banking was also not significantly impacted, with leading banks like HDFC, Kotak Mahindra, and SBI performing well or growing profits. Within IT, TCS saw declines but HCL and Infosys continued growing revenue and profits amid the pandemic. Overall the analysis found that pharma, banking and IT were sectors that were relatively resilient or grew during the crisis.
Impact of covid 19 on the rmg export scenario of bangladeshMosaibur Rahman
The study has made on descriptive research, is conducted to identify different dimension of Impact of Covid-19 on the RMG export scenario of Bangladesh. To come up with the result, researchers were not required to visit the factory. For this reason, researchers have ignored the direct data collection and surveys. Consequently, the research technique has relied based on information from secondary sources. Those data collected through Journals, Research articles, Thesis papers, newspapers case studies, online news paper and survey reports, garments Manufacturing Industries Annual reports, BGMEA Yearly report and Files. The data was collected basically through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information.
The COVID-19 pandemic has significantly impacted various sectors of the Indian economy. Major sectors like automobile, pharmaceutical, textile, and others have been affected. The GDP growth fell to 3.1%. Large companies temporarily halted operations or reduced workforce. Startups faced funding declines. The government announced economic relief packages worth Rs. 1.7 trillion. The RBI also took measures to provide Rs. 3.74 trillion to the financial sector. Sector-specific stocks like Sun Pharma, Dr. Reddy's, Divis Labs, Maruti Suzuki, and others faced initial price declines but later recovered as operations resumed amid government easing of restrictions. The textile industry was impacted due to disruptions in exports and y
With the global pandemic affecting economies throughout the globe its necessary to understand the scenario and paint a picture of the near future to handle it better
The document discusses the impact of COVID-19 on India's transportation sector. It notes that all domestic transportation, including trains, buses, and public transit shut down due to lockdowns. This led to a major drop in transportation revenues and job losses. While transportation of essential goods and stranded travelers resumed gradually, overall ridership remains low. The airline sector saw a 33% drop in domestic passengers in March 2020. Seaports remained open for cargo but shut to passengers. The pandemic significantly disrupted supply chains and posed challenges for maintaining health standards. It is expected that the transportation sector will be among the last to recover fully.
Economic and sectoral impact of covid pandemicRajivRoy28
Presentation studies the Impact of COVID on Different Sectors of Indian Stock Market. Article observes significant changes in Indian Industrial Sectors in the wake of COVID 19 Pandemic.
A Brief Overview on Coronavirus Covid 19 in Indiaijtsrd
1. The document provides an overview of the COVID-19 pandemic in India, including key details about the initial outbreak and spread of the virus in the country.
2. It discusses the measures taken by the Indian government to control the spread, including a nationwide lockdown imposed on March 24th that was later extended until May 3rd.
3. The summary highlights the major impacts of the pandemic in India, such as on the economy, transportation, education, sports, and unemployment. It also provides statistics on the number of cases and testing efforts in India.
COVID 19 Challenges and Opportunities, International Virtual Conference joint...AaimanSiddiqui1
The document discusses the economic impact of COVID-19 in India. It states that the Indian economy was already experiencing a slowdown prior to the pandemic. COVID-19 has further impacted the economy through both health and economic shocks. Key sectors like tourism, hospitality, aviation, and retail have been severely affected. The pandemic is resulting in job losses, reduced incomes, decreased consumption, and supply chain disruptions. Major international organizations have revised downward their growth projections for India due to the effects of COVID-19. The government will need to implement monetary, fiscal, and financial policies to support businesses and people during this crisis.
World over the countries are facing issues after the advent of COVID 19. The countries are in a catch 22 situation..If you preserve the health the economy suffers and viceversa..The ppt explores the impact of COVID 19 lockdown on various aspects of Indian economy.
The negative consequences of Covid-19 pandemic from lockdowns of whole countries, travel bans,
and the closure of shops and service points have disrupted the economic and social balance of the whole world.
Consequently, consumer’s buying behavior and their shopping criteria has been negatively affected. In this
research paper we try to find out the changes
*There is also a major impact in the tourism sector as many tourist from China come to India for site seeing and enjoying and it also affected the airline businesses a lot also.
How are factory owners coping with the covid 19 effect on cancellation of RMG...Ashik Nobi
The study has made on descriptive research, is conducted to identify how are factory owners coping with the Covid-19 effect on cancellation of RMG export. To come up with the result, researchers were not required to visit the factory. For this reason,
researchers have ignored the direct data collection and surveys. Consequently, the
research technique has relied based on information from secondary sources. Those
data collected through Journals, Research articles, Thesis papers, newspapers case
studies, online news paper and survey reports, garments Manufacturing Industries
Annual reports, BGMEA Yearly report and Files. The data was collected basically
through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information
How does Covid-19 at a high-risk situation for RMG sector of Bangladeshnaimulhudatanzim
The document discusses the impact of the Covid-19 pandemic on Bangladesh's ready-made garment (RMG) sector, which is the country's largest export industry and a major driver of economic growth. It provides statistics showing declines in export growth for woven and knit products during the pandemic. Over 1 million garment workers lost their jobs or were furloughed as factories canceled orders or buyers refused to pay for canceled orders. The literature review discusses previous research finding significant negative consequences for the RMG sector and overall economy from the pandemic, including wage cuts, job losses, and health issues for workers.
Impact of covid 19 on Indian Economy & Banking SectorDr Praveen S
Impact of Covid-19 on indian Economy & Banking Sector
Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
- How Covid-19 hit India?
- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
This presentation contains the positive and negative impacts regarding corona. I made it from various resources and wanted it share it publicly, so that others can also use it.
The document discusses the economic impact of the COVID-19 pandemic. It led to stock market declines, rising unemployment affecting tens of millions of people worldwide, and the risk of a global recession in 2020 according to the IMF. Various sectors were impacted, including automotive, energy, food and agriculture, and retail. Government responses included stimulus packages, tax relief, loan guarantees, and wage subsidies to support economies.
The economies are integrate with each other and nations need cooperation and coordination among themselves to overcome the economic crisis. Moreover, the nations should co-operate, coordinate and help each other to fight against Coronavirus. Subject to immediate relief from pandemic, the economic recovery from this fatal disease is only possible by 2021. It has already left severe impacts on the global economy and the countries face multiple difficulties to bring it back in a stable condition.
Covid-19 and Indian Economy Issues and Challenges by Dr. R. H. Pavitha, KSOU,...RHPavithra
This document summarizes the impact of COVID-19 on the Indian economy and its key sectors. It discusses how the pandemic and lockdown have disrupted economic activities and sectors like agriculture, industry, and services. The primary sector faces issues like lack of labor, low prices, and supply chain disruptions. The secondary sector is impacted by falling demand, profits, and jobs. The services sector sees declines in travel, exports, and new orders. Unemployment increased initially but has reduced. Future jobs may emerge in health, education, e-commerce and agriculture. The government has undertaken liquidity and relief measures for businesses. Overall, a full recovery will take time as COVID changes how the world works.
ANALYSIS OF ALL SECTORS OF INDIAN ECONOMY.
An analysis of the consumer retail sector (including food and beverage, apparel and footwear, beauty), automotive, travel, and hospitality services.
The document discusses the impact of Covid-19 on various sectors of the Indian economy including pharma, banking, and IT. It analyzes key companies within these sectors and finds that while some pharma companies like Sun Pharma were negatively impacted, others like Cipla and Alkem Labs grew profits during the pandemic. Banking was also not significantly impacted, with leading banks like HDFC, Kotak Mahindra, and SBI performing well or growing profits. Within IT, TCS saw declines but HCL and Infosys continued growing revenue and profits amid the pandemic. Overall the analysis found that pharma, banking and IT were sectors that were relatively resilient or grew during the crisis.
Impact of covid 19 on the rmg export scenario of bangladeshMosaibur Rahman
The study has made on descriptive research, is conducted to identify different dimension of Impact of Covid-19 on the RMG export scenario of Bangladesh. To come up with the result, researchers were not required to visit the factory. For this reason, researchers have ignored the direct data collection and surveys. Consequently, the research technique has relied based on information from secondary sources. Those data collected through Journals, Research articles, Thesis papers, newspapers case studies, online news paper and survey reports, garments Manufacturing Industries Annual reports, BGMEA Yearly report and Files. The data was collected basically through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information.
The COVID-19 pandemic has significantly impacted various sectors of the Indian economy. Major sectors like automobile, pharmaceutical, textile, and others have been affected. The GDP growth fell to 3.1%. Large companies temporarily halted operations or reduced workforce. Startups faced funding declines. The government announced economic relief packages worth Rs. 1.7 trillion. The RBI also took measures to provide Rs. 3.74 trillion to the financial sector. Sector-specific stocks like Sun Pharma, Dr. Reddy's, Divis Labs, Maruti Suzuki, and others faced initial price declines but later recovered as operations resumed amid government easing of restrictions. The textile industry was impacted due to disruptions in exports and y
With the global pandemic affecting economies throughout the globe its necessary to understand the scenario and paint a picture of the near future to handle it better
The document discusses the impact of COVID-19 on India's transportation sector. It notes that all domestic transportation, including trains, buses, and public transit shut down due to lockdowns. This led to a major drop in transportation revenues and job losses. While transportation of essential goods and stranded travelers resumed gradually, overall ridership remains low. The airline sector saw a 33% drop in domestic passengers in March 2020. Seaports remained open for cargo but shut to passengers. The pandemic significantly disrupted supply chains and posed challenges for maintaining health standards. It is expected that the transportation sector will be among the last to recover fully.
Economic and sectoral impact of covid pandemicRajivRoy28
Presentation studies the Impact of COVID on Different Sectors of Indian Stock Market. Article observes significant changes in Indian Industrial Sectors in the wake of COVID 19 Pandemic.
A Brief Overview on Coronavirus Covid 19 in Indiaijtsrd
1. The document provides an overview of the COVID-19 pandemic in India, including key details about the initial outbreak and spread of the virus in the country.
2. It discusses the measures taken by the Indian government to control the spread, including a nationwide lockdown imposed on March 24th that was later extended until May 3rd.
3. The summary highlights the major impacts of the pandemic in India, such as on the economy, transportation, education, sports, and unemployment. It also provides statistics on the number of cases and testing efforts in India.
COVID 19 Challenges and Opportunities, International Virtual Conference joint...AaimanSiddiqui1
The document discusses the economic impact of COVID-19 in India. It states that the Indian economy was already experiencing a slowdown prior to the pandemic. COVID-19 has further impacted the economy through both health and economic shocks. Key sectors like tourism, hospitality, aviation, and retail have been severely affected. The pandemic is resulting in job losses, reduced incomes, decreased consumption, and supply chain disruptions. Major international organizations have revised downward their growth projections for India due to the effects of COVID-19. The government will need to implement monetary, fiscal, and financial policies to support businesses and people during this crisis.
World over the countries are facing issues after the advent of COVID 19. The countries are in a catch 22 situation..If you preserve the health the economy suffers and viceversa..The ppt explores the impact of COVID 19 lockdown on various aspects of Indian economy.
The negative consequences of Covid-19 pandemic from lockdowns of whole countries, travel bans,
and the closure of shops and service points have disrupted the economic and social balance of the whole world.
Consequently, consumer’s buying behavior and their shopping criteria has been negatively affected. In this
research paper we try to find out the changes
*There is also a major impact in the tourism sector as many tourist from China come to India for site seeing and enjoying and it also affected the airline businesses a lot also.
How are factory owners coping with the covid 19 effect on cancellation of RMG...Ashik Nobi
The study has made on descriptive research, is conducted to identify how are factory owners coping with the Covid-19 effect on cancellation of RMG export. To come up with the result, researchers were not required to visit the factory. For this reason,
researchers have ignored the direct data collection and surveys. Consequently, the
research technique has relied based on information from secondary sources. Those
data collected through Journals, Research articles, Thesis papers, newspapers case
studies, online news paper and survey reports, garments Manufacturing Industries
Annual reports, BGMEA Yearly report and Files. The data was collected basically
through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information
How does Covid-19 at a high-risk situation for RMG sector of Bangladeshnaimulhudatanzim
The document discusses the impact of the Covid-19 pandemic on Bangladesh's ready-made garment (RMG) sector, which is the country's largest export industry and a major driver of economic growth. It provides statistics showing declines in export growth for woven and knit products during the pandemic. Over 1 million garment workers lost their jobs or were furloughed as factories canceled orders or buyers refused to pay for canceled orders. The literature review discusses previous research finding significant negative consequences for the RMG sector and overall economy from the pandemic, including wage cuts, job losses, and health issues for workers.
Impact of covid 19 on Indian Economy & Banking SectorDr Praveen S
Impact of Covid-19 on indian Economy & Banking Sector
Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
- How Covid-19 hit India?
- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
This presentation contains the positive and negative impacts regarding corona. I made it from various resources and wanted it share it publicly, so that others can also use it.
The document discusses the economic impact of the COVID-19 pandemic. It led to stock market declines, rising unemployment affecting tens of millions of people worldwide, and the risk of a global recession in 2020 according to the IMF. Various sectors were impacted, including automotive, energy, food and agriculture, and retail. Government responses included stimulus packages, tax relief, loan guarantees, and wage subsidies to support economies.
Self Reliant India Need, Pre and Post Pandemic scenarioJyotsna Prasad
This is a research paper about How India was before the covid 19 pandemic and how it would be after this ends. Where India Should be utilising its finances and how it should be managed to achieve the best.
The document discusses the impacts of the COVID-19 pandemic across multiple sectors. It summarizes how the pandemic has severely impacted industries like healthcare, food/agriculture, the economy, sports, IT, travel/tourism, and education. Entire sectors have had to adapt to lockdowns and social distancing by embracing remote work and online alternatives. The pandemic will also shape the future by accelerating pre-existing trends like reduced business travel and increased online shopping. Overall, COVID-19 is causing major global economic disruption but also revealing opportunities to build more resilient and sustainable systems.
The document discusses the impact of COVID-19 on street vendors in India. It saw both negative and positive impacts. Negatively, vendors faced losses of livelihood, increased business risks, and falling demand for goods. Positively, hygiene practices improved and the importance of the informal sector was recognized. Surveys found vendors cutting education or relying on essential goods. The pandemic transformed markets and increased security concerns. Both economic and non-economic impacts were widespread due to job losses across the informal sector.
IMPACTS OF CORONA VIRUS ON DIFFERENT INDUSTRIES MaulikSinghal2
The document discusses the impacts of the COVID-19 pandemic on various industries in India. It states that OTT platforms and TV viewership have increased due to social isolation. E-commerce companies like Flipkart and Amazon have seen a 20-30% spike in orders. The aviation industry has been hit hard, with Air India expected to lose Rs. 30-35 crore per day. A study mentioned found that effective quarantine measures could reduce the healthcare burden from COVID-19 by 90%. Several companies are assisting efforts to produce medical supplies like ventilators and sanitizers. Crude oil price declines may benefit India as an oil importing country.
The COVID-19 pandemic has significantly impacted the Indian economy.
(1) The GDP growth rate fell to 3.1% in the fourth quarter of 2020 according to the Ministry of Statistics, and contracted by 24% in the first quarter of 2021 compared to the previous year.
(2) All sectors of the economy were affected, with the unemployment rate rising to 26% in April 2020 during lockdowns before decreasing. Over 14 crore Indians lost employment initially.
(3) The primary, secondary, and tertiary sectors all saw declines. Agriculture production dropped due to labor shortages, manufacturing output fell, and services such as tourism, retail, and logistics were severely impacted by restrictions.
The COVID-19 pandemic has given the biggest blow to the world economy after the great depression
1930s.Around 60% of the world population is either under severe or partial lockdown without having medical
solution to the coronavirus and affected the industrial sector severely.The impact is severe on
trade,manufacturing and MSMEs.Manufacturing sector may shrink from 5.5%to 20%,exports from 13.7% to
20.8%,imports from 17.3% to25%and MSMEs net value added (NVA) from 2.1%to5.7% in 2020
The document discusses the impact of the COVID-19 pandemic on ready-made garment (RMG) workers in Bangladesh. It notes that the RMG industry employs around 4 million workers in Bangladesh and has been severely impacted by the pandemic. Factory closures led to around 55% of RMG workers losing their jobs. This had significant socioeconomic consequences as most RMG workers are low-income and support families in rural areas. The pandemic also exposed the difficult and unsafe working conditions that RMG workers face. The document examines the issue from various perspectives including health, employment, livelihoods, and socioeconomic factors.
The document discusses the impact of the COVID-19 pandemic on ready-made garment (RMG) workers in Bangladesh. It notes that the RMG industry employs around 4 million workers and had been severely impacted by factory closures during lockdowns. This led to around 55% of RMG workers losing their jobs and 10 million workers returning home from Dhaka as they could no longer support themselves without work. The pandemic exacerbated existing poor working conditions and low wages for RMG workers. It also increased the risk of health issues, food insecurity, domestic violence, and long-term psychological impacts for these vulnerable workers.
GroupM Thailand POV on Coronavirus in ThailandGroupM THailand
This document provides an overview and analysis of the impacts of the COVID-19 pandemic in Thailand as of April 2020. It discusses trends in case numbers and economic impacts like a decline in GDP and tourism. Consumer behaviors are changing, with increased online shopping and concern over finances and health. TV viewership and searches for beauty products have risen. Delivery services and working from home have become more common. The document concludes by discussing how some brands have provided assistance and been viewed more favorably during this crisis.
The presentation summarizes the impact of the COVID-19 pandemic on businesses globally. It led to an unprecedented shock worldwide, stopping global progress. There were massive revenue losses, business closures, layoffs and liquidity issues. The negative impact on sales was large and persistent across firms. Most businesses adjusted employment through reducing hours and wages rather than layoffs. There was significant heterogeneity in the effects across countries, with smaller firms facing more financial constraints.
Impact of COVID 19 on the Aviation Industry in Nigeriaijtsrd
This paper is a timely examination of the novel Corona Virus Covid 19 that is currently ravaging the entire world. The main objective of this research is to study the impact of this global pandemic on the aviation sector in Nigeria. The methodology adopted is basically qualitative, explorative and analytical in nature, involving the use of secondary data via journal publications, government official documents, health authorities’ data and internet materials. This due to the fact that the virus is novel and very recent. The study found out that the Covid 19 pandemic has thrown the entire global economic, political and social systems into turmoil. The Nigerian economy and aviation sector in particular, has been in a meltdown, which had been thrown into a huge crisis. Some of the negative impacts of the scourge on the Nigerian aviation industry include closure of airports and banning of flights, increasing industry debt profile, negative impact on tourism, increased competitive pricing and severe loss of jobs. In terms of future prognosis, it will be quite a while before the sector recovers and whenever it re opens, the most immediate visible change will be social distancing, touch less travel with passengers needing to be fit to travel. The turnaround time for local and international travels will increase as aircraft will be need to sanitize each time the planes land. Furthermore, there will be increased movement towards the digital space and most of the flight operations will be on digital platforms. Siyan, Peter | Adegoriola, Adewale E | Agunbiade, Olabode "Impact of COVID-19 on the Aviation Industry in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31787.pdf Paper Url :https://www.ijtsrd.com/economics/other/31787/impact-of-covid19-on-the-aviation-industry-in-nigeria/siyan-peter
Economic impact of COVID-19 lock down on small medium enterprise (smes) in la...SubmissionResearchpa
The effect of COVID-19 has negative consequence which has been an invisible enemy raging the entire world populace leading to a global economic crisis. Business across the globe are feeling the negative outcome of the COVID 19 pandemic threatening their ongoing economic daily activities. SMEs in Nigeria are not left out in the share of this negative pandemic, limiting their survival existence. The shutdown of economic activities has greatly affected SMEs in Nigeria. This has led to employees under SMEs lose their jobs. It was concluded that adequate measures needs to be taken by government to cushion the negative effect of COVID 19 in collapsing the existence of SMEs. by Aribisala, and Oluwadamilare Olufolarin 2020. Economic impact of COVID-19 lock down on small medium enterprise (smes) in lagos state. International Journal on Integrated Education. 3, 7 (Jul. 2020), 62-68. DOI:https://doi.org/10.31149/ijie.v3i7.490. https://journals.researchparks.org/index.php/IJIE/article/view/490/467 https://journals.researchparks.org/index.php/IJIE/article/view/490
Detailed write up on the impact of COVID on various aspects of life. This was published in the Mumbai university Research Journal in the month of June 2020.
Covid-19 Following Up On The Immediate Economic Responseaakash malhotra
With india going under a complete lockdown for over a month now, industries and government needs to brace themselves in order to fight against the consequences of covid-19. Right from protecting jobs to supporting different sectors to minimise the impact, there are a lot of preparatory measures that are already under process.
The document discusses the impact of COVID-19 on various areas including the global and Indian economy, business sectors, society, and education. Some key points:
- The pandemic severely impacted the global and Indian economy through reduced GDP growth, decline in market investments, disruption of supply chains, and job losses.
- Major business sectors like automobile, real estate, healthcare, and services were negatively impacted through shutdowns, reduced demand, cash crunch, and delayed payments.
- The education sector faced challenges like transition to online learning, lack of resources for some students, and pressure on teachers.
- Socially, lockdowns increased domestic violence, revived social discrimination, negatively impacted mental health and living standards,
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
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Economic impactoncovid 19inindia
1. Presented at: "Economic Impact on COVID-19 in India"
INTRODUCTION
The COVID-19 pandemic has resulted in over 1.4 million confirmed cases and over 83,000
deaths globally. It has also sparked fears of an impending economic crisis and recession.
Social distancing, self-isolation and travel restrictions forced a decrease in the workforce
across all economic sectors and caused many jobs to be lost. Schools have closed down, and
the need of commodities and manufactured products has decreased. In contrast, the need for
medical supplies has significantly increased. The food sector has also seen a great demand
due to panic-buying and stockpiling of food products. In response to this global outbreak,
we summarise the socio-economic effects of COVID-19 on individual aspects of the world
economy.
Lockdown Phase 1 (25 March-14 April), Lockdown Phase 2 (15 April – 3 May)
Lockdown Phase 3 (4 May – 17 May), Economic package announcements (12 May - 17 May)
Lockdown Phase 4 (18 May – 31 May) Primary sector
India’s GDP estimates
The GDP growth in 2020-21 is expected to remain in the negative territory. Economic activity in
India was severely impacted by the nationwide lockdown in the last two months. The biggest
2. blow to the economy has come from the slump in private consumption. Consumer durables
production has reduced 33% in the March. Electricity consumption has also plunged. Service
sector has contracted - passenger and commercial vehicle sales, domestic air passenger traffic
and foreign tourist arrivals have slumped in March. However, agriculture sector remained the ray
of hope.
Primary sectors of economy
Agriculture
Due to logistical problems following the lockdown tea estates were unable to harvest the first
flush. The impact of this on the second flush is not known. The entire Darjeeling tea based tea
industry will see significant fall in revenue. Tea exports could drop up to 8% as a result. From 20
April, under the new lockdown guidelines to reopen the economy and relax the lockdown,
agricultural businesses such as dairy, tea, coffee, and rubber plantations, as well as associated
shops and industries, will reopen.
Petroleum & Oil
The ongoing measures in India to arrest the spread of Covid-19 has severely dented the
consumption of fuel in the country, with the growth in consumption of petroleum products
falling to an abysmal 0.21 per cent to 213,686 thousand tonne in 2019-20. The growth in India's
petroleum demand last fiscal has been the lowest in at least 10 years. In March 2020 alone
consumption fell 18 per cent to 16,083 Thousand Tonne as compared to the same month a year
ago, fresh data sourced from the oil ministry showed.
Secondary sectors of economy
Manufacturing
Major companies in India such as Larsen and Toubro, Bharat Forge, UltraTech Cement, Grasim
Industries, the fashion and retail wing of Aditya Birla Group, Tata Motors and Thermax have
temporarily suspended or significantly reduced operations in a number of manufacturing
facilities and factories across the country. iPhone producing companies in India have also
suspended a majority of operations. Nearly all two-wheeler and four-wheeler companies have
3. put a stop to production till further notice. Many companies have decided to remain closed till at
least 31 May. Maharashtra, Hindustan Unilever, ITC and Dabur India have shut manufacturing
facilities except for factories producing essentials. Foxconn and Wistron Corp, iPhone producers,
have suspended production following the 21 days lockdown orders.
Tertiary sectors of economy
Education
Additionally, concern has been raised about the number of scientific conferences that have been
cancelled or postponed. These conferences are the key to scientific research in many disciplines,
allowing dissemination of research as well as providing networking opportunities for
collaboration and job-seeking. Many conferences have moved online, however these ‘virtual
conferences’ are often not as amenable to networking and a more informal means of scientific
communication.
Finance Industry
COVID-19 has impacted communities, businesses and organisations globally, inadvertently
affecting the financial markets and the global economy. Uncoordinated governmental responses
and lockdowns have led to a disruption in the supply and demand chain. In addition to the
disruption in the supply chain, the capital market sector has also been affected.
Healthcare
The COVID-19 pandemic has caused an unprecedented challenge for healthcare systems
worldwide. In particular, the risk to healthcare workers is one of the greatest vulnerabilities of
healthcare systems worldwide. Considering most healthcare workers are unable to work
remotely, strategies including the early deployment of viral testing for asymptomatic and/or
frontline healthcare staff is imperative.
Pharmaceutical industry
Profound changes to the dynamics of healthcare are likely to ensue, leading to massive
investment into disease prevention infrastructure, and the accelerated digital transformation of
4. healthcare delivery. In the US, active pharmaceutical ingredients are imported largely from India
(18%) and the EU (26%), while China accounts for 13%.
Hospitality
The hospitality and travel industry have perhaps been most hard-hit, with hourly workers facing
potential devastating hardships.
Tourism
The tourism sector is currently one of the hardest-hit by the outbreak of COVID-19, with impacts
on both travel supply and demand. Many parks are now closing to further enforce social
distancing as they have in Italy.
Aviation
The travel industry is grappling with an unprecedented wave of cancellations and a significant
drop in demand amid strict governmental instructions to implement social distancing and the
restriction of unnecessary travel.
Real estate and housing sector
The real estate industry is facing great uncertainty due to COVID-19. At an individual level
social distancing precautions have reduced house views, a key part of the selling process, and
both buyers and sellers have to reconsider their plans. Increasingly, sellers are looking for
reassurance regarding the health of potential buyers coming to view properties. Some brokers are
offering house tours via Skype and FaceTime to minimise the risk of infection propagation.
Information Technology, Media, Research & Development
With the WHO raising COVD-19’s status to a pandemic, 35 companies and academic
institutions are racing to develop an effective vaccine. Social distancing precautions are
paramount to the containment effort. Additionally, COVID-19 has left several hospitals in
turmoil, having reached maximal capacity. As a result, various countries are turning towards
technological solutions, to care for patients and at the same time, minimise the risk of person to
person transmission.
Food Sector
5. The food sector, including food distribution and retailing, has been put under strain as a result of
people panic-buying and stockpiling on food. This has led to increased concerns about shortages
of food products such as long-life milk, pasta, rice and tinned vegetables.
Sports industry
COVID-19 is having a significant impact on sporting schedules as some of the world’s largest
sporting events come to view in 2020. These are but a few examples; golf, tennis, athletics,
basketball, rugby, cycling, boxing, snooker and ice-skating fixtures have all faced cancellations
and delays in an attempt to curb the spread of disease. Inevitably this will have a significant
financial burden, the gravity of which has yet to come to light.
E-commerce
In the third week of March, Amazon announced that it would stop sale of non-essential items in
India so that it can focus on essential needs. Amazon has followed the same strategy in Italy and
France. Walmart-owned Flipkart temporarily suspended some of its services on its e-commerce
platform and will only be selling and distributing essentials. BigBasket and Grofers also run
restricted services, facing disruptions in services due to the lockdown. Delhi Police began issuing
delivery agents curfew passes to make it easier for them to keep the supply chain open. E-
commerce companies also look for legal clarity related to what are
"essentials". Swiggy and Zomato will not be allowed to function during this extension period.
Defence
The Department of Military Affairs led by the Chief of Defence Staff has postponed all capital
acquisitions until the coronavirus pandemic recedes. No new major defense deals will be made in
the beginning of the financial year 2020-21. While the delivery of S-400 missile systems won't
be affected, the delivery of Rafale fighter jets might be.
CONCERN
There are concerns as to where will the government find the funds to fight coronavirus and keep
the economy alive. Experts say the task force will have to look in to NPA norms, tax payments
6. and income support to those in the unorganised sectors. A direct cash transfer scheme for the
most vulnerable is also being considered, as has happened in other countries.
Economic danger versus health risk
In March, Adar Poonawalla, CEO of Serum Institute of India said that "the economic danger of
the outbreak was exponentially greater than its health risks". On 29 April, Indian billionaire NR
Narayana Murthy said that if the lockdown continues, India may see more death due to hunger
than from the pandemic.
Supply chains and logistics
Following the lockdown, certain essential supply chains broke down. Although inter-state travel
has been banned, it doesn't apply to essentials, and in places like Maharashtra the state police are
yet to streamline the process, disrupting supply chains. Government allowed the movement of all
essential as well as non-essential goods across the country during the lockdown. The milk and
newspaper supply chains are also allowed to function.
Salaries
The Prime Minister in March urged businesses and high income segments of society to take care
of the economic needs of all those who provide them services. During the live telecast, he also
appealed to families to not cut the pay of domestic help. Following the lockdown, the
government circulated advisories and directives ordering companies to keep paying employees
among other things. The Ministry of Finance issued an Office Memorandum on 23 March 2020.
wherever such contractual, the casual and outsourced staff of Ministries/Departments and other
organization of Government of India is required to stay at home in view of lockdown order
regarding COVID-19 prevention
Migrant workers and labour force
Due to the lockdown, daily-wage workers (the urban poor and migrant laborers) were left with
no work. At the same time, the lockdown restrictions put a stop on the movement of buses and
trains. Large numbers of migrant workers ended up walking back to their villages.
7. Lockdown extension
Following the extension of the lockdown on 14 April, members of the opposition said that there
was no mention of a financial package or any steps whatsoever to revive the economy. Modi
however did talk about a re-calibrated opening of the economy. Telangana was the first state to
extend the lockdown to 7 May, beyond the national lockdown date of 3 May.
Suspension of Members of Parliament Local Area Development Scheme(MPLADS)
The Modi government, in view of the coronavirus pandemic, suspended MPLADS for two years.
This action has been called problematic in many ways, including causing a centralisation of
power, being anti-federal in nature, and having an affect on local level development and MP
influence at micro levels of the society to handle distress. There have been calls for halting
the US$2.8 billion redevelopment of the central vista project in Delhi instead.
IMPLICATIONS FOR THE AGENDA OF SUSTAINABLE DEVELOPMENT AND
CLIMATE CHANGE
Firstly, the government is likely to enter into the post-COVID period with a still worse fiscal
position than was the case in 2019, when the consolidated fiscal deficit, including central
government, state government, and off-balance sheet borrowings amounted to around 8.5% of
GDP. Fortunately, a number of decarbonisation options are negative cost in India, for example
the transition to renewables in the power sector, where renewables are now cheaper than coal.
Secondly, we can expect substantial financial fragility and reduced risk-appetite in the corporate
sector. This is already evident in the case of the electricity distribution companies, which were
wallowing in debt before the COVID-19 crisis and are now facing a truly dire financial position.
Indian and international investors are likely to be much more wary of allocating capital to risky
new projects, which may slow down the transition in sectors where clean technologies are still
being experimented with.
POST COVID-19 ECONOMIC RECOVERY
8. Task forces
State income and expenditure
Liquor
Make in India
Defence
Re-opening of economy
Conclusion
With fears of a new recession and financial collapse, times like these call for resilient and strong
leadership in healthcare, business, government and wider society. Immediate relief measures
need to be implemented and adjusted for those that may fall through the cracks. Medium and
longer term planning is needed for how the economy is rebalanced and re-energised following
this crisis.