The impact of lockdown and COVID -19 pandemic upon economic and financial planning of the world

1. IMPACT OF LOCKDOWN AND COVID 19
PANDEMIC UPON GLOBAL
ECONOMIES.
Name:- Deepshikha Roy
PGDM 3rd Semester
Institute:-

2. Covid-19
 Coronavirus disease 2019 (Covid-19) is a contagious disease caused
by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).
 The first case was identical in Wuhan, China, in December 2019. (In India
30 January 2020).
 The World Health Organization (WHO) declared the situation a public
emergency of international concern on January 30, 2020 and sub
sequently named this disease Coronavirus Disease-19 (Covid-19) on
February 11 2020 since it has been declared as a pandemic by the WHO
on March 11, 2020.

3. Lockdown:
A lockdown is an emergency protocol that prevents people from leaving a given area. A full lockdown will mean you must
stay where you are and not exit or enter a building or the given area. This scenario usually allows for essential supplies.
All non-essential activities remain shut for the entire period.
 Difference between lockdown, Section 144 and curfew:
While a lockdown prevents people from leaving an area, Section 144 limits the number of people who can gather
together in public, and curfew prohibits people from leaving their homes for a specific period.
 What is Section 144?
Section 144 of the Indian penal code states that a gathering of four or more people is prohibited in the area concerned.
If a gathering of four or more people is found, every member of the group can be charged for engaging in a riot.
Section 144 is imposed in urgent cases of nuisance or to control the danger of some event that has the potential to
cause trouble or damage to human life or property.
 What is a curfew?
A curfew is an order specifying a time during which certain regulations apply. Typically, it refers to the time when
individuals are required to return to and stay in their homes.

4. When Was India Put Under A Lockdown
And Why:
On March 24, Prime Minister Narendra Modi called for a 21-day nationwide
lockdown to contain the coronavirus pandemic which had claimed 10 lives
in India until then and infected 509. With this, India's 1.3 billion citizens
were ordered to stay at home, unless inevitable.
While imposing the lockdown, PM Modi said: "It took 67 days for the
number of infected cases to rise to 100,000. But, it took only 11 days for
the next 100,000 cases to emerge, and just four days for the next 100,000.
This indicates the speed at which coronavirus is spreading."

5. Impact Of Lockdown On Different Sector Of Industries

6. Impact Of Lockdown On Different Sector Of
Industries

7. Impact on the global services industry
Talking of employment and job creation, the global services industry has been a source of jobs around the
globe – and particularly in the U.S and China. With the largest consumer base, these two major economies
have largely contributed to global spending and retail sales – all of which has been severely impacted by the
lockdown on the consumer and retail market

8. Manufacturing industry
Thanks to a fall in domestic and external demand, the manufacturing output in most countries has seen a
slump in recent months. If we talk about Chinese manufacturers, the U.S-China trade standoff in the recent
two years had already impacted China-based factories and their overall output.

9. Unemployment or job loss
Probably the only area that impacts our livelihood directly–the global lockdown has certainly accelerated
job losses in multiple countries. This is showing up on their unemployment figures – ranging from a low of
3.8% in South Korea to a high of 5.9% in China for the month of May 2020.

10. There are high chances that you are not fueling up your vehicles as much as you used to. This is
another global (and worrying) trend. The global restriction on international travel has largely contributed
to a fall in oil demand. With so many countries going into lockdown mode, the crude oil price has
dropped from around $55 for a barrel in February to lesser than $30 in May.
The demand for oil and natural gas

11. Impact on Global Trade:

12. The restaurant industry has been especially hard-hit by the
COVID-19 pandemic. Restaurants quickly shifted from indoor
dining to a greater reliance on online ordering, curbside pick-
up, outdoor dining, and delivery. Toast, a restaurant
management services company, provides tools for all facets of
running a restaurant. CEO Chris Comparato talks about the
future of dining and explains how the company helped its
clients adapt to the new normal, facilitated access to capital,
and advocated for restaurant relief.
Restaurant Industry

14. Fiscal Stimulus Around The Globe:
• Japan offered 1 Trillion USD stimulus package, approximately 20% of its GDP.
• USA proposed a stimulus package of $1 trillion.
• On March 13, China's central bank launched $79 billion stimulus effort.
• United Kingdom has sanctioned 330 billion pounds ($424billion) to fight the coronavirus pandemic.
• EU has initiated a 22.5 billion USD package.

15. Steps Taken By RBI To Reduce The Impact Of
Lockdown In India
 Since March 2020, the Reserve Bank of India (RBI) has taken numerous measures to fight the
COVID-19 at the financial front. These measures also form part of the Special Economic Package
and the ‘Atmanirbhar Bharat Abhiyaan’ recently announced by the Hon’ble Prime Minister of India,
Narendra Modi.
 Various developmental and regulatory policies undertaken by the RBI to address financial stress
caused by COVID-19 include:
 Liquidity Management
 Regulation and Supervision
 Moratorium allowance

17. Pros of Impact of lockdown
3. Air Pollution Dropped Suddenly
4. Water Is Clean Once Again
1. Streamlining of business processes
2.Higher degree of automation in various
Sectors.

19. Conclusion:
• As We Had Discussed Above The Impacts Of Covid 19 Lockdown On Different Sectors Of Global
Economics
• It Has Halted The Growth Of Major Global Power Houses And Nearly Destroyed Small Economies.
• It Nearly Destroyed The Global Supply Chain And Forced Countries To Rethink Their Approach To
Trade.
• Lockdown Once Again Exposed The Risk Of Super Dependence On Imports For Essential (Like
Medicines Etc.) For A Nation.
• Lockdown Was Devastating For Human And Human Society But On The Contrary It Helped Natural
Ecosystem To Heal.
• Last But Not The Least It Saved Millions Of Life If It Was Not Implemented.

20. Thank you