The document discusses the impact of the COVID-19 pandemic on India's economy. In the first quarter of 2020, India's GDP growth slowed to 1-2% and is forecasted to slowdown further to 4.8% in the second quarter. Non-agricultural GDP contracted 6% while agricultural GDP grew at 2.5% and cushioned the blow. Key sectors like education, travel, tourism were affected along with industrial production falling 16% and exports contracting 60.3%. Unemployment rose to over 20% in April but opportunities may arise as companies invest in India to move operations from China. Graduates are advised to upgrade skills through online courses to improve job prospects as the employment situation stabilizes over 1

2. Parameters Impact
1. Quarter wise impact i.e. the
GDP growth
2. Situations that resulted into
such GDP quarter wise above
• Economic activities were standstill.
• Industries were partially opened or shut down.
• In 2nd quarter it’s forecasted as above but still
there is a hope that as industries restarts, migrant
workers get back to work and streamlining supply
chain may result in GDP growth.
3. Services affected • Education
• Travel
• Tourism
1st quarter(April-
June)
1-2%
2nd quarter Forecasted to
slowdown 4.8%

3. Parameters Impact
4. Non-agricultural GDP Contract 6%
5. Agricultural GDP Cushion the blow by growing at 2.5%
6. Economic costs
7. Economic growth estimations • For fiscal year 2019-20: estimated was
5%
• For fiscal year 2020-21: estimated is
5.1%
Industrial
Production
Fell by 16%(for
march)
Exports Contracted
60.3%(in April)
New telecom
subscribers
Declined 35%
Railway Freight
movement
Jump 35% on-
year

4. Sectors % of GDP Reasons
Agriculture
and allied
sector
Accounts for 15.87% of India
GDP
This sector is facing difficulty
because of;
• Labor availability
• Issues in transportation results
in inability to access the market
for produce
Industry sector Accounts for 29.73% of India
GDP
• Disruptions in international
supply chain because of lockdown
in china
• Migrant workers & semi-skilled
workers returned their hometown
• Movements of material such as
fuels & people declined
Service sector Accounts for 54.40% of India
GDP
• As compared to others facing less
difficulty because of ‘ Work from
home’ concept.

5. Source: Statista.com

6. • During pandemic Industries now-a-days have been shut
down or partially working wherein some company likely to
retain most of their workforce & with minimum wage cuts
as company resumes.
• In such situation of crisis where unemployment rate is
increasing, employment opportunities seems to be
declining.
• If considered about April month, then 20th April week
unemployment rate was 26.19% & week after that it was
21.05%.

7. • But post pandemic maybe scenario will hit different as
many foreign investors & foreign companies are stepping
out of china & looking to invest in other Asian countries &
India can grab this opportunity
• Actual scenario post pandemic would be;

8. • And to stand out in market in previously discussed
scenario the graduates and PG’s should;
✓ Upgrade their skills
✓ Join online courses that are offered by government free of
cost
✓ Can gain practical experience by doing virtual internships
✓ Research some jobs of your choice & develop those skills
within you.
• Doing above all can generate the employment
opportunities.
• If new companies came in India this will create a huge
impact on career’s of students and as well as experienced
so why not to upgrade in the period of pandemic itself.

9. • Looking at conditions in market this condition would be
stable by nearly 1 or 2 years.
• So, once lockdown vanishes graduates should think of
PG/Master’s because as stated in first statement above
employment opportunities are difficult to grab.
• Till market gets stable without wasting 1-2 years at home
PG/Master would be great option.
• Benefits;
1. Get 1 more degree to add in resume
2. Up gradation of skills
3. Investment of time in doing something valuable that add value to your
knowledge