The government’s recent loosening of the lockdown has sparked heated debates regarding the following question: What are the optimal ways of loosening restrictions that minimize public health damage while maximizing economic recovery?
Learning from pandemic for indian labor marketSagnikSanyal2
he working-hour losses could range between 140 million full-time jobs and 340 million full-time jobs in the last quarter of the year, depending upon the spread of the pandemic. ... However, the PLFS 2017–2018 estimates that 77.1% of employment in India
Economic impact of covid 19 (coronavirus)SaiSantosh77
The document discusses the economic impact of the COVID-19 pandemic in India. It notes that the pandemic may be India's greatest emergency since independence. It is expected to cause a negative GDP growth in FY21 and major economic losses from the lockdown. The government has announced relief measures like food rations for 800 million people and a $5.7 billion package for electronics manufacturing. Estimates suggest GDP growth may slow to 1.5-2.8% with large economic losses occurring each day of the lockdown.
The structured analysis of MEtS was executed by India’s leading economic research firm Indicus Analytics
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
The findings of the study for the period of January – March 2010 was released by Mr. K. Pandia Rajan, CEO, Ma Foi Randstad (India & Sri Lanka).
Ma Foi Randstad is the leading integrated HR services provider in the country and has been conducting the employment trends survey since 2004. This study is India’s largest job market study.
In March 2010, Ma Foi Randstad predicted creation of 1 million jobs in the year 2010.The latest projection for the period of April to June (Q2) and estimates of actual job creation in January to March 2010 (Q1) for the organized sector was arrived at, after surveying the employment trends in 650 companies across 13 industry sectors in eight major cities - Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. These companies were queried about (a) hiring in the first 3 months of the year and (b) hiring intentions over the next 3 months.
The study reveals creation of 1,53,564 jobs during Jan - March 2010 and 3,47,463 jobs are getting created in the period of April – June 2010.
Sector-wise Employment Trends:
According to the survey, the employment trend across all sectors – BFSI, IT & ITES, Pharma, Healthcare, Trade including Consumer, Retail & Services, Energy, Transport, Storage & Communication, Real Estate & Construction, Hospitality, Media & Entertainment, Non-Machinery Manufacturing, Manufacturing of Machineries & Equipments, Education, Training & Consultancy are on the same card in the first quarter and are expected to continue at a faster pace in the second quarter.
The recovery from economic crisis has further strengthened the momentum of the Healthcare sector which has reported the greatest employment generation of 52,752 new jobs in Q1, followed by Hospitality with 21,500 in the same period. Education, Training & Consultancy sector added 16, 200 new jobs in Q1.
Projection for Q2 is that healthcare sectcor again will add the largest number of new jobs – 96248. Real estate and construction sector is estimated to add 52115, the 2nd highest job creator in the economy. This will be closely followed by Hospitality sector that is estimated to create 49000 jobs. IT and ITES sectcor is estimated to add 34000 new jobs; Media and entertainment sector to add 28700 jobs; Education, Training and Consultancy to add 23200 jobs. Non-machinery Manufacturing (17,300), BFSI (15,800), Transport, Storage and Communication (8,800), Pharma (6100), Energy (5,900), Manufacture of machinery and equipment (5300) and Trade including consumer, retail and services (5,000) are expected to pick up hiring momentum in Q2 of the year.
There is a significant increase of hiring intentions in Q2 vis-à-vis Q1 for sectors of Real Estate and Construction, Media and Entertainment and Healthcare.
City-wise Employment Trends:
Delhi & NCR is expected to add 38, 350 jobs (added 17650 in Q1 and likely to add 20700 in Q2) by June 2010. The expectation of better performance across sectors has increased optimism among companies, resulting in increase in hiring intent. Mumbai is expected to add 27, 650 jobs (12750 in Q1 and 14900 in Q2) and Chennai is expected to add 11,900 jobs (5600 in Q1 and 6300 in Q2) by June 2010. Following these top three cities are Kolkatta – 8350 jobs, Bangalore – 6800 jobs, Hyderabad – 6200 jobs, Pune – 5400 jobs and Ahmedabad – 3260 jobs.
Sector-wise Fresher/
Economists have downgraded their GDP growth estimates for India in FY22 to 8.5-9.3% from earlier projections of 9.4-10% due to potential economic impacts of restrictions imposed by states to control the third wave of COVID-19 driven by the Omicron variant. Ratings agencies India Ratings and Brickworks Ratings cut their FY22 growth forecasts to account for possible effects of the resurgent pandemic on economic activity. Meanwhile, exports grew 37% year-on-year to a record $37.3 billion in December 2021.
The document summarizes the impact of COVID-19 on the Indian economy. It discusses how various sectors like agriculture, industry, and services were affected. The agriculture sector was less impacted as kharif harvest and rabi sowing were not affected by lockdowns. However, poultry and dairy faced declines in demand and prices. The industry sector saw contractions in eight core industries like coal, crude oil, natural gas, refinery products and electricity. The overall Index of Industrial Production declined by 11.4%. The services sector, which contributes over 50% to India's GDP, was heavily impacted due to lockdowns.
The document provides a summary of various news articles related to the Indian economy and key sectors. It mentions that India's GDP contracted by a record 23.9% in Q1 FY21 due to the Covid-19 lockdown. Several reports estimate the full year contraction to be around 10%. While some sectors like agriculture grew, others like manufacturing, services and core industries declined sharply. There are signs of recovery in August as factory activity expanded and the services sector contraction slowed. However, high fiscal deficit and tax revenue shortfalls continue to strain government finances.
The document provides updates on the Indian economy from various news sources:
- GDP growth in the April-June quarter rose to 20.1% year-on-year due to a very low base in the same period last year during the national lockdown. While recovery is underway, the economy has not fully recovered.
- High-frequency indicators in August like GST collections, auto sales, rail freight, electricity demand showed continued economic recovery, though manufacturing PMI declined slightly.
- The chief economic adviser indicated that double-digit GDP growth is possible in the current fiscal year based on trends and forecasts. However, a potential third COVID wave could impact the recovery.
- Eight core infrastructure sectors expanded
Learning from pandemic for indian labor marketSagnikSanyal2
he working-hour losses could range between 140 million full-time jobs and 340 million full-time jobs in the last quarter of the year, depending upon the spread of the pandemic. ... However, the PLFS 2017–2018 estimates that 77.1% of employment in India
Economic impact of covid 19 (coronavirus)SaiSantosh77
The document discusses the economic impact of the COVID-19 pandemic in India. It notes that the pandemic may be India's greatest emergency since independence. It is expected to cause a negative GDP growth in FY21 and major economic losses from the lockdown. The government has announced relief measures like food rations for 800 million people and a $5.7 billion package for electronics manufacturing. Estimates suggest GDP growth may slow to 1.5-2.8% with large economic losses occurring each day of the lockdown.
The structured analysis of MEtS was executed by India’s leading economic research firm Indicus Analytics
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
Driven by India’s economic turnaround post downturn, hiring in the organized sector is set to pick up at a greater pace in the second quarter reveals the first quarter results of the Ma Foi Randstad Employment Trends Survey.
The findings of the study for the period of January – March 2010 was released by Mr. K. Pandia Rajan, CEO, Ma Foi Randstad (India & Sri Lanka).
Ma Foi Randstad is the leading integrated HR services provider in the country and has been conducting the employment trends survey since 2004. This study is India’s largest job market study.
In March 2010, Ma Foi Randstad predicted creation of 1 million jobs in the year 2010.The latest projection for the period of April to June (Q2) and estimates of actual job creation in January to March 2010 (Q1) for the organized sector was arrived at, after surveying the employment trends in 650 companies across 13 industry sectors in eight major cities - Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. These companies were queried about (a) hiring in the first 3 months of the year and (b) hiring intentions over the next 3 months.
The study reveals creation of 1,53,564 jobs during Jan - March 2010 and 3,47,463 jobs are getting created in the period of April – June 2010.
Sector-wise Employment Trends:
According to the survey, the employment trend across all sectors – BFSI, IT & ITES, Pharma, Healthcare, Trade including Consumer, Retail & Services, Energy, Transport, Storage & Communication, Real Estate & Construction, Hospitality, Media & Entertainment, Non-Machinery Manufacturing, Manufacturing of Machineries & Equipments, Education, Training & Consultancy are on the same card in the first quarter and are expected to continue at a faster pace in the second quarter.
The recovery from economic crisis has further strengthened the momentum of the Healthcare sector which has reported the greatest employment generation of 52,752 new jobs in Q1, followed by Hospitality with 21,500 in the same period. Education, Training & Consultancy sector added 16, 200 new jobs in Q1.
Projection for Q2 is that healthcare sectcor again will add the largest number of new jobs – 96248. Real estate and construction sector is estimated to add 52115, the 2nd highest job creator in the economy. This will be closely followed by Hospitality sector that is estimated to create 49000 jobs. IT and ITES sectcor is estimated to add 34000 new jobs; Media and entertainment sector to add 28700 jobs; Education, Training and Consultancy to add 23200 jobs. Non-machinery Manufacturing (17,300), BFSI (15,800), Transport, Storage and Communication (8,800), Pharma (6100), Energy (5,900), Manufacture of machinery and equipment (5300) and Trade including consumer, retail and services (5,000) are expected to pick up hiring momentum in Q2 of the year.
There is a significant increase of hiring intentions in Q2 vis-à-vis Q1 for sectors of Real Estate and Construction, Media and Entertainment and Healthcare.
City-wise Employment Trends:
Delhi & NCR is expected to add 38, 350 jobs (added 17650 in Q1 and likely to add 20700 in Q2) by June 2010. The expectation of better performance across sectors has increased optimism among companies, resulting in increase in hiring intent. Mumbai is expected to add 27, 650 jobs (12750 in Q1 and 14900 in Q2) and Chennai is expected to add 11,900 jobs (5600 in Q1 and 6300 in Q2) by June 2010. Following these top three cities are Kolkatta – 8350 jobs, Bangalore – 6800 jobs, Hyderabad – 6200 jobs, Pune – 5400 jobs and Ahmedabad – 3260 jobs.
Sector-wise Fresher/
Economists have downgraded their GDP growth estimates for India in FY22 to 8.5-9.3% from earlier projections of 9.4-10% due to potential economic impacts of restrictions imposed by states to control the third wave of COVID-19 driven by the Omicron variant. Ratings agencies India Ratings and Brickworks Ratings cut their FY22 growth forecasts to account for possible effects of the resurgent pandemic on economic activity. Meanwhile, exports grew 37% year-on-year to a record $37.3 billion in December 2021.
The document summarizes the impact of COVID-19 on the Indian economy. It discusses how various sectors like agriculture, industry, and services were affected. The agriculture sector was less impacted as kharif harvest and rabi sowing were not affected by lockdowns. However, poultry and dairy faced declines in demand and prices. The industry sector saw contractions in eight core industries like coal, crude oil, natural gas, refinery products and electricity. The overall Index of Industrial Production declined by 11.4%. The services sector, which contributes over 50% to India's GDP, was heavily impacted due to lockdowns.
The document provides a summary of various news articles related to the Indian economy and key sectors. It mentions that India's GDP contracted by a record 23.9% in Q1 FY21 due to the Covid-19 lockdown. Several reports estimate the full year contraction to be around 10%. While some sectors like agriculture grew, others like manufacturing, services and core industries declined sharply. There are signs of recovery in August as factory activity expanded and the services sector contraction slowed. However, high fiscal deficit and tax revenue shortfalls continue to strain government finances.
The document provides updates on the Indian economy from various news sources:
- GDP growth in the April-June quarter rose to 20.1% year-on-year due to a very low base in the same period last year during the national lockdown. While recovery is underway, the economy has not fully recovered.
- High-frequency indicators in August like GST collections, auto sales, rail freight, electricity demand showed continued economic recovery, though manufacturing PMI declined slightly.
- The chief economic adviser indicated that double-digit GDP growth is possible in the current fiscal year based on trends and forecasts. However, a potential third COVID wave could impact the recovery.
- Eight core infrastructure sectors expanded
Climate resilient horticulture for sustainable development: Adaptation and Mi...HARISH Kumar H R
1) The document discusses climate resilient horticulture for sustainable development. It covers topics like the effects of climate change, climate vulnerability assessments in India, horticulture production trends, impacts of climate change on horticulture crops, and strategies for climate adaptation and mitigation.
2) Major strategies discussed include using climate resilient varieties, micro-irrigation techniques, improved crop and soil management practices, and government schemes to boost adaptation.
3) The implementation of climate resilient approaches has led to increased horticultural production and reduced the impacts of climate change related stresses.
The Indian economy grew at 6.7% in 2008-09 but slowed in the second half due to the global financial crisis. The agriculture sector declined by 0.2% in 2009-10 due to poor monsoons. The service sector grew at a higher rate and was the key driver of economic growth. Inflation remained high due to a rise in food prices caused by supply constraints.
The COVID-19 pandemic has greatly disrupted India's economy. India's GDP declined by 24% in the second quarter of 2020-2021, the largest contraction ever. Unemployment rose sharply as various sectors like tourism, hospitality, and aviation were hit hard by lockdowns and reduced consumer demand. However, sectors like pharmaceuticals and telecom experienced continued or increased activity. The government announced various economic relief measures totaling over $24 billion to help tackle the economic effects of the pandemic.
The document contains several news articles discussing the state of the Indian economy. It notes that while businesses expect recovery by June 2021 according to a PwC survey, India's GDP growth is expected to lose momentum in the third quarter according to Oxford Economics. Another article discusses India posting its first current account surplus since 2004 due to falling imports and crude oil prices. Core sector output contracted in June but at a slower pace than May, and local lockdowns have put the brakes on economic revival in July.
- Business activity in India hit a record high in the week ending August 8 according to Nomura's Business Resumption Index, nearing pre-pandemic levels as mobility increased.
- The finance ministry said the economic impact of the second COVID wave is likely to be muted with signs of economic rejuvenation and sustained vaccination could reduce severity of future waves.
- India's industrial production grew 13.6% in June from a year ago due to low base effects as lockdowns last year halted activity, while retail inflation eased to 5.59% in July.
- South Asian countries need to focus on certain priorities to achieve a fair recovery from COVID-19 and make progress on development goals. Key priorities include providing universal healthcare, strengthening social protection especially for women, and reducing digital divides in education.
- Vaccination policies are also economic policies, so countries must ensure equitable vaccine distribution and address hesitancy through information campaigns and incentives.
- A fair recovery requires progressive taxation that shifts the burden to higher-income groups through simplifying tax systems and increasing enforcement.
- Accelerating financial inclusion through expanding access to financial services, improving financial literacy, and increasing women's inclusion in the financial system can also promote a fair recovery.
The document provides news clips from various media sources mentioning Balmer Lawrie and related industries. It discusses India's strong Q4 results beating expectations, economic recovery since late May according to RBI governor, eight core sectors growing 16.8% in May due to low base effects, manufacturing contracting for the first time in 11 months due to lockdowns, current account ending FY21 in surplus for the first time in 17 years, and stronger recovery expected post-September as vaccinations increase and festivals begin.
The key points from the document are:
1) India's merchandise exports reached a record high of $418 billion in fiscal year 2022, driven by increases in petroleum products, engineering goods, gems and jewelry, and chemicals.
2) The Union Cabinet approved raising dearness allowance and dearness relief by 3% to 34% for over 11.6 million central government employees and pensioners effective January 1, 2022.
3) Core sector growth hit a 4-month high of 5.8% in February due to a low base effect and strong performance in steel, cement, coal, natural gas, refinery products and electricity.
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.
The document discusses several topics related to the regional impact of COVID-19:
1) Asia and the Pacific face threats from disruptions to domestic production and significant drops in remittance receipts as overseas lockdowns negatively impact citizens working abroad.
2) Remittances are an important source of income for many households in developing countries, with ADB member economies receiving 43.5% of global remittances in 2019, mostly in South Asia.
3) The African Development Bank has provided $10.2 billion in response funding to support African countries in dealing with the pandemic's impact.
4) GCC countries' economies have been affected by COVID-19 and lower oil prices, but various measures
Impact of covid-19 on real estate industryNikhil Tholiya
The document is a summer internship project report on the impact of COVID-19 on the real estate industry in India. It finds that the pandemic has significantly slowed growth in the Indian real estate sector, with declines in construction activity, leasing, and consumer spending impacting commercial and residential real estate. Several trends are emerging, such as rising vacancies, delays in new construction, and pressure on rentals. The report analyzes the effects on employment and various real estate segments like offices, retail, and housing. It also reviews relief measures taken globally and the outlook for the Indian economy.
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
This document analyzes the sources of economic growth in Vietnam since the doi moi economic reforms began in 1986. It finds that capital, labor, and productivity each contributed significantly to growth over different time periods. Capital formation increased steadily from 10.6% of GDP in 1986-1990 to 26.6% in 1997, driving industrial expansion. Labor inputs also increased as agriculture stabilized and food production rose. However, productivity gains from policy reforms, management improvements, and economic restructuring were also major drivers of Vietnam's high growth rates since doi moi.
Union Budget- MACRO-ECONOMIC FRAMEWORK STATEMENT 2020-21
Highlights & Key features of budget 2020-21 pdf. Presented by Hon FM Nirmala Sitharaman
Sources: https://www.indiabudget.gov.in/doc/frbm1.pdf
The document provides an economic summary for Spain, Europe, and international markets in July 2017.
For Spain, GDP growth is projected at 3% for 2017 driven by domestic demand and exports. Employment reached a high of 18.4 million in June 2017, recovering most jobs lost in the crisis. Unemployment dropped to its lowest level in 8 years. The fiscal deficit fell to 0.39% of GDP in Q1 2017.
In Europe, industrial production increased 1.3% in the Eurozone and 1.2% in the EU in May 2017. German industrial orders and production rose in May as well.
Globally, debt reached $217 trillion in 2017, over 300% of world GDP
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.
This document provides the Stability Programme 2020-2021 submitted by the Hellenic Republic Ministry of Finance. It summarizes the macroeconomic outlook and fiscal projections for Greece in light of the COVID-19 pandemic. In 2020, real GDP is projected to decline 4.7% due to the pandemic's impact, though policy measures are expected to mitigate a decline of up to 10%. GDP is projected to rebound to 5.1% growth in 2021 on expectations of recovery in private consumption, investment, and exports. Fiscal targets have been adjusted due to the pandemic based on EU fiscal rules.
Vietnam faces challenges in rural development as it transitions to middle-income status. Agricultural productivity and competitiveness remains low despite high growth. Poverty persists in remote, upland areas and among ethnic groups. The government has issued Resolution No. 26 to reform agriculture and maintain growth, but lacks plans to operationalize its vision. IFAD and IFPRI propose conducting analyses to inform policy, including poverty impact assessments, rural development modeling, and indices to promote pro-poor agricultural investment. They also offer to support Vietnam in developing climate change adaptation and mitigation plans through vulnerability assessments and models to introduce climate-smart agricultural practices.
Post covid ecnomic condition ways to recover from covid-19 pandemic recessionShimanta Easin
Current condition of world economy and Bangladesh in Covid-19 pandemic, Ways to recover from this pandemic destruction, Challenges faced by world and Bangladesh in Covid-19 pandemic
Prepared By:
Roksana Rahim Rumki
Roll: 1610
49th Batch JU
BGE 10th Batch
Jahangirnagar University
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.
Climate resilient horticulture for sustainable development: Adaptation and Mi...HARISH Kumar H R
1) The document discusses climate resilient horticulture for sustainable development. It covers topics like the effects of climate change, climate vulnerability assessments in India, horticulture production trends, impacts of climate change on horticulture crops, and strategies for climate adaptation and mitigation.
2) Major strategies discussed include using climate resilient varieties, micro-irrigation techniques, improved crop and soil management practices, and government schemes to boost adaptation.
3) The implementation of climate resilient approaches has led to increased horticultural production and reduced the impacts of climate change related stresses.
The Indian economy grew at 6.7% in 2008-09 but slowed in the second half due to the global financial crisis. The agriculture sector declined by 0.2% in 2009-10 due to poor monsoons. The service sector grew at a higher rate and was the key driver of economic growth. Inflation remained high due to a rise in food prices caused by supply constraints.
The COVID-19 pandemic has greatly disrupted India's economy. India's GDP declined by 24% in the second quarter of 2020-2021, the largest contraction ever. Unemployment rose sharply as various sectors like tourism, hospitality, and aviation were hit hard by lockdowns and reduced consumer demand. However, sectors like pharmaceuticals and telecom experienced continued or increased activity. The government announced various economic relief measures totaling over $24 billion to help tackle the economic effects of the pandemic.
The document contains several news articles discussing the state of the Indian economy. It notes that while businesses expect recovery by June 2021 according to a PwC survey, India's GDP growth is expected to lose momentum in the third quarter according to Oxford Economics. Another article discusses India posting its first current account surplus since 2004 due to falling imports and crude oil prices. Core sector output contracted in June but at a slower pace than May, and local lockdowns have put the brakes on economic revival in July.
- Business activity in India hit a record high in the week ending August 8 according to Nomura's Business Resumption Index, nearing pre-pandemic levels as mobility increased.
- The finance ministry said the economic impact of the second COVID wave is likely to be muted with signs of economic rejuvenation and sustained vaccination could reduce severity of future waves.
- India's industrial production grew 13.6% in June from a year ago due to low base effects as lockdowns last year halted activity, while retail inflation eased to 5.59% in July.
- South Asian countries need to focus on certain priorities to achieve a fair recovery from COVID-19 and make progress on development goals. Key priorities include providing universal healthcare, strengthening social protection especially for women, and reducing digital divides in education.
- Vaccination policies are also economic policies, so countries must ensure equitable vaccine distribution and address hesitancy through information campaigns and incentives.
- A fair recovery requires progressive taxation that shifts the burden to higher-income groups through simplifying tax systems and increasing enforcement.
- Accelerating financial inclusion through expanding access to financial services, improving financial literacy, and increasing women's inclusion in the financial system can also promote a fair recovery.
The document provides news clips from various media sources mentioning Balmer Lawrie and related industries. It discusses India's strong Q4 results beating expectations, economic recovery since late May according to RBI governor, eight core sectors growing 16.8% in May due to low base effects, manufacturing contracting for the first time in 11 months due to lockdowns, current account ending FY21 in surplus for the first time in 17 years, and stronger recovery expected post-September as vaccinations increase and festivals begin.
The key points from the document are:
1) India's merchandise exports reached a record high of $418 billion in fiscal year 2022, driven by increases in petroleum products, engineering goods, gems and jewelry, and chemicals.
2) The Union Cabinet approved raising dearness allowance and dearness relief by 3% to 34% for over 11.6 million central government employees and pensioners effective January 1, 2022.
3) Core sector growth hit a 4-month high of 5.8% in February due to a low base effect and strong performance in steel, cement, coal, natural gas, refinery products and electricity.
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.
The document discusses several topics related to the regional impact of COVID-19:
1) Asia and the Pacific face threats from disruptions to domestic production and significant drops in remittance receipts as overseas lockdowns negatively impact citizens working abroad.
2) Remittances are an important source of income for many households in developing countries, with ADB member economies receiving 43.5% of global remittances in 2019, mostly in South Asia.
3) The African Development Bank has provided $10.2 billion in response funding to support African countries in dealing with the pandemic's impact.
4) GCC countries' economies have been affected by COVID-19 and lower oil prices, but various measures
Impact of covid-19 on real estate industryNikhil Tholiya
The document is a summer internship project report on the impact of COVID-19 on the real estate industry in India. It finds that the pandemic has significantly slowed growth in the Indian real estate sector, with declines in construction activity, leasing, and consumer spending impacting commercial and residential real estate. Several trends are emerging, such as rising vacancies, delays in new construction, and pressure on rentals. The report analyzes the effects on employment and various real estate segments like offices, retail, and housing. It also reviews relief measures taken globally and the outlook for the Indian economy.
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
This document analyzes the sources of economic growth in Vietnam since the doi moi economic reforms began in 1986. It finds that capital, labor, and productivity each contributed significantly to growth over different time periods. Capital formation increased steadily from 10.6% of GDP in 1986-1990 to 26.6% in 1997, driving industrial expansion. Labor inputs also increased as agriculture stabilized and food production rose. However, productivity gains from policy reforms, management improvements, and economic restructuring were also major drivers of Vietnam's high growth rates since doi moi.
Union Budget- MACRO-ECONOMIC FRAMEWORK STATEMENT 2020-21
Highlights & Key features of budget 2020-21 pdf. Presented by Hon FM Nirmala Sitharaman
Sources: https://www.indiabudget.gov.in/doc/frbm1.pdf
The document provides an economic summary for Spain, Europe, and international markets in July 2017.
For Spain, GDP growth is projected at 3% for 2017 driven by domestic demand and exports. Employment reached a high of 18.4 million in June 2017, recovering most jobs lost in the crisis. Unemployment dropped to its lowest level in 8 years. The fiscal deficit fell to 0.39% of GDP in Q1 2017.
In Europe, industrial production increased 1.3% in the Eurozone and 1.2% in the EU in May 2017. German industrial orders and production rose in May as well.
Globally, debt reached $217 trillion in 2017, over 300% of world GDP
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.
This document provides the Stability Programme 2020-2021 submitted by the Hellenic Republic Ministry of Finance. It summarizes the macroeconomic outlook and fiscal projections for Greece in light of the COVID-19 pandemic. In 2020, real GDP is projected to decline 4.7% due to the pandemic's impact, though policy measures are expected to mitigate a decline of up to 10%. GDP is projected to rebound to 5.1% growth in 2021 on expectations of recovery in private consumption, investment, and exports. Fiscal targets have been adjusted due to the pandemic based on EU fiscal rules.
Vietnam faces challenges in rural development as it transitions to middle-income status. Agricultural productivity and competitiveness remains low despite high growth. Poverty persists in remote, upland areas and among ethnic groups. The government has issued Resolution No. 26 to reform agriculture and maintain growth, but lacks plans to operationalize its vision. IFAD and IFPRI propose conducting analyses to inform policy, including poverty impact assessments, rural development modeling, and indices to promote pro-poor agricultural investment. They also offer to support Vietnam in developing climate change adaptation and mitigation plans through vulnerability assessments and models to introduce climate-smart agricultural practices.
Post covid ecnomic condition ways to recover from covid-19 pandemic recessionShimanta Easin
Current condition of world economy and Bangladesh in Covid-19 pandemic, Ways to recover from this pandemic destruction, Challenges faced by world and Bangladesh in Covid-19 pandemic
Prepared By:
Roksana Rahim Rumki
Roll: 1610
49th Batch JU
BGE 10th Batch
Jahangirnagar University
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,
The Impact of Covid-19 Outbreak on World GDPIRJET Journal
This document discusses the impact of the COVID-19 pandemic on global GDP from 2020 to 2022. It first provides background on how GDP is measured and the agencies that establish GDP figures for countries. It then examines how the pandemic led to a global economic downturn through lockdown measures that restricted travel and business activity. Various countries saw declines in GDP in 2020, with the US declining 1.3% and European countries like Italy and Spain declining over 5%. The document outlines the workflow of a web application created to analyze changes in GDP for different countries and time periods using data scraping, Streamlit for the frontend, and Plotly Express for visualization. It concludes that while accurate trends were observed, there is a small risk of errors in
Emerging Paradigm for India's Manufacturing Sector Sudeeksha Gupta
A presentation based on our research paper " Emerging Paradigm for India's Manufacturing Sector". It assesses the general potential impact of the shock on various segments of the economy with specific details of impact on the manufacturing sector, the factors stimulating it and analyse the policies that have been announced so far by the central government to ameliorate the economic shock and put forward a set of key recommendations for businesses and Indian economy.
Revitalizing Healthcare Sector in India. It is generally believed that developing a robust healthcare system is a cornerstone for rapid economic and societal development as it helps harness the latent potential of our populace. A healthy population is a pre-requisite for improv- ing human productivity reducing poverty, enhancing living standards and thereby achieving growth with inclusion. In this connection, it is noteworthy that the Union Budget 2018- 19 has introduced the National Health Protection Scheme (NHPS) to provide bene ts to 500 million people with an an- nual limit of Rs 5 lakhs for hospitalisation.
The document discusses Thailand's adoption of a Bio-Circular-Green (BCG) economy model in response to global challenges like climate change. Key points:
- Thailand aims to reduce greenhouse gas emissions and transition to clean energy and sustainable development through the BCG model.
- The BCG model focuses on enhancing agriculture/food tech, medical/pharma tech, bioenergy/biomaterials, and linking tourism to intellectual capital.
- The government targets $23 billion in new BCG investment by 2026, with private sector investment rising from 20% to 30% over this period.
- Various incentives are offered by the BOI to promote the BCG sectors comprehensively in areas like agriculture
INDIAN ECONOMY - Economic survey 2017-28 Part 1 | Jatin Vermajatinvermaiasacademy
The Economic Survey is released by Economic Division of Department of Economic Affairs under the Ministry of Finance, Government of India.
This year it was released on January 29, 2018 before the Budget 2018-19.
The Economic Survey projects the official version of the state of the economy of India.
Prepared by Angga Pradesha1, Resham Thapa-Parajuli2 & Xinshen Diao1
1. International Food Policy Research Institute
2. Tribhuvan University, Nepal
Last updated: 3 May 2021
Economy booster control measures for sustainable development in and after COV...RiddhishKathar
What are the measures to control economic fall down and the threats of drowning GDP. Sustainable development is the only option left with us!
This PPT focus on 3 main sectors :
Agricultural, Industries and Public transport sector.
Also support me by following : https://www.instagram.com/rik_designs_/
Impact of lockdown and covid-19 pandemic upon global economiesDeepshikhaRoy9
The document discusses the impact of lockdowns due to the COVID-19 pandemic on global economies. It notes that lockdowns severely impacted sectors like services, manufacturing, and trade. Countries around the globe implemented fiscal stimulus packages in the trillions of dollars to mitigate economic effects. The Reserve Bank of India also took various measures including liquidity management and regulatory policies to address financial stress from the pandemic. While lockdowns were devastating for economies and society, they had some benefits like reduced air pollution and improved water quality. Overall lockdowns were necessary to contain the spread of the virus despite their heavy costs.
Special Report - Potential Impact of COVID-19 on financial markets - Equity &...SanchitJain120
- The COVID-19 outbreak in India has reached over 500 confirmed cases and 10 related deaths as of March 25th, and is expected to continue spreading. This will likely cause continued panic, disruptions to business and economic activity, and a fall in demand.
- The fight against COVID-19 will be long and difficult, resulting in loss of life, economic pain for businesses, reduced demand, and a sharp drop in overall economic activity. A recovery will take time as the duration remains uncertain.
- In response, most countries have imposed lockdowns and curfews, bringing much of the global economy to a halt. India's GDP is estimated to contract by 3.1% in the first quarter if strict social
1) Korea was one of the first countries hit by COVID-19 but was able to flatten the curve through swift government action and public cooperation.
2) The central government announced economic stimulus packages and recovery plans for local governments. It invested KRW 160 trillion under the New Green Deal and Digital New Deal programs by 2025.
3) Intergovernmental coordination involved centralized guidance from the central government and decentralized implementation by provincial and local governments. This cooperative approach helped flatten the curve.
Laghu Udyog Bharati is one of India’s largest MSE Industry Networks in India, with branches in every state and members in every district of India, working towards the welfare of MSEs in India. We have grass-root level insights into the challenges faced by the MSEs as well as changing industry trends & practices on the ground.
The document summarizes the impacts of COVID-19 on the Bangladeshi economy. It discusses how the pandemic has disrupted livelihoods and reduced incomes. Key sectors like textiles have been affected. The government announced stimulus packages including loans, but the economy is still expected to decline by 3-4%. Challenges in implementing social distancing due to population density are also noted. International assistance is needed to help Bangladesh minimize the pandemic's impacts.
The document discusses potential short-term and long-term consequences of the Covid-19 pandemic on international trade. In the short-term, supply and demand have been disrupted, leading to a decline in trade volumes. Countries have also imposed some export controls on medical goods. In the long-term, countries may seek to shorten and diversify supply chains in order to reduce dependence on single sources and increase resilience during crises. This could lead to profound changes in global supply chains and a partial reversal of globalization trends.
Crossing the Rubicon: Post Covid-19 PolicyKan Yuenyong
The document discusses development policy strategies for post-COVID resilience and recovery. It notes that COVID has exposed weaknesses in economies and increased inequalities. Key issues for sustainable recovery include better health/well-being, cleaner air, public participation, equitable resilience, and pursuing a green/digital/inclusive transformation. Fiscal policy priorities are continuing support, implementing measures efficiently, and pursuing medium-term strategies. Global cooperation is needed on public health and stimulating growth.
- The document provides information on COVID-19 vaccines currently in clinical trials, with the earliest completion date being September 2021. After phase II trials establish safety, some vaccines may receive emergency approval for frontline workers.
- It also includes summaries of GDP growth forecasts from the World Bank, showing a projected global economic contraction of 5.2% in 2020 before a modest recovery in 2021. Advanced economies are expected to contract more severely and take longer to recover pre-pandemic levels.
- The Thai economy is forecast to contract 10% in 2020, with exports, tourism, and consumption only beginning to recover once the pandemic ends, not reaching pre-COVID levels until 2023. Various industries are negatively and positively impacted.
Export nations need to ensure that supply chains remain as intact as possible. This means that when and where credit insurers are withdrawing from covering international trade during this crisis, the government exceptionally steps in. Otherwise there is a risk a collapse of finely woven supply chains.”
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
2. Executive Summary
Bangladesh is struggling to cope with the economic and public health damages inflicted by the coronavirus pandemic.
Even with one of the poorest testing rates in the regions, 168,645 cases and 2,151 deaths have been confirmed so far (8 July).
GDP Growth Rate projections have been reduced by more than 6 percentage points to 1.6% from 8.1%, due to the pandemic.
The government’s decision to loosen restrictions, at the end of May, sparked heated debates regarding the following question: What are the optimal
ways of loosening restrictions that minimize public health damages while maximizing economic recovery?
LightCastle Partners attempts to answer that question by employing a 3-step plan that consists of:
Analyzing lockdown easing strategies that have been applied by other nations
Evaluating requirements for and obstructions to applying such strategies in Bangladesh
Applying LightCastle’s in-house frameworks to combat obstructions and implement globally used lockdown easing strategies
Specifically, LightCastle’s in-house framework ranks sectors for reopening based on Economic-, Industry-, Health-, and Safety-Related Criteria.
Healthcare ranks high on the scale, whereas RMG ranks Medium-to-High.
LightCastle also puts forth customized action plans for reopening sectors, based on rankings.
Frameworks and suggestions put forth may aid in balancing between maximizing economic activity and minimizing public health damages.
2
3. Contents
1. The Unfolding of the Crisis in Bangladesh
2. How can Nations Successfully Battle COVID-19?
3. Lockdown Easing Strategies Applied by Other Nations
4. Reopening Might Come at a Very High Cost
5. Applicable Strategies with Adaptations for Bangladesh
6. The Way Forward
3
4. 1. The Unfolding of the Crisis in Bangladesh
Drastic Global Spread Causes Economic
and Public Health Woes
● China publicly shared the genetic sequence of
COVID-19 on 12 January 2020. 1
● Within 2 weeks, additional 18 countries were
infected.
● Confirmed Cases — 11,669,259 (8 July)
● Confirmed Deaths — 539,906 (8 July)
● Pandemic has also caused severe economic
damages.
● Nations across the globe, many for the first
time, have reported recessions.
● Nevertheless, policy makers are implementing,
lockdown easing strategies to restore economic
normalcy.
Fig.1: Weekly COVID-19 Cases and Deaths in the World (11 Jan–8 July, Week: Mon–Sun). Source: WHO (COVID-19) Dashboard
4
-
20
40
60
80
100
120
140
160
180
200
-
200
400
600
800
1,000
1,200
1,400
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Deaths
(Thousands)
Cases
(Thousands)
Week No. in 2020
Covid-19 in the World: Weekly Cases & Deaths
Cases Deaths
5. The Unfolding of the Crisis in Bangladesh
Despite Surging Cases, Bangladesh
Relaxes Lockdown to Salvage Livelihood
● First 3 known cases were confirmed by the
Institute of Epidemiology Disease Control And
Research (IEDCR) on 8 March 2020.
● Confirmed Cases — 168,645 (8 July)
● Confirmed Deaths — 2,151 (8 July)
● At the end of March, the government announced a
10–day ban on travel.4
● The ban was initially extended till 11 April.
● A lockdown was announced, which later extended
until 30 May.5
● Public and private offices were allowed to open on
limited scale after Eid Holiday.
● Starting May 31, restrictions on travel were lifted
to allow people to travel during and after Eid. 6
● The announcement came at a time when cases
and deaths continued to surge daily.
5
Fig.2: Weekly COVID-19 Cases and Deaths in Bangladesh (8 Mar–8 July, Week: Mon–Sun.). Source: WHO (COVID-19) Dashboard
-
1
2
3
4
5
6
7
8
9
10
-
5
10
15
20
25
30
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Deaths
(Hundreds)
Cases
(Thousands)
Week No. in 2020
Covid-19 in Bangladesh: Weekly Cases & Deaths
Cases Deaths
Initial Extended
Lockdown
6. The Unfolding of the Crisis in Bangladesh
Government Announces Zoning System to Curb Transmission
● On June 6, the country was divided into 3 color zones, Red, Green, and Yellow, based on infections per 100,000 population.7 8
6
Table 1: Three colored zones for COVID-19 regulations in Bangladesh
7. The Unfolding of the Crisis in Bangladesh
GDP Growth, Employment, Exports & Remittances to
Tumble
● GDP Growth Rate Projections for FY 19-20 has been adjusted
down to 1.6% from 8.1% due to the pandemic — a drop of +6
percentage points.
● The growth rate of 1.6% will be the lowest in 37 years.
● 6 months of the outbreak will lead to 900,000 job losses.10
● Inward remittances might fall by ~22% in 2020.16
● Export earnings of Bangladesh to fall short by 21% of the
period’s target.17
● Export orders worth USD 3 billion of RMG goods were
canceled until 2 April 2020.18
7
1.6%
GDP Growth Rate
FY 19-20
June 20 Projection
900k
More Job Losses
after 6 mon. outbreak
22%
Drop in Inward
Remittance
21%
Deficit in Export
Earnings (vs. Target)
8.1%
GDP Growth Rate
FY 19-20
Oct 19 Projection
USD 3Bn
Cancelled RMG Orders
until April 2020
8. 2. How can Nations Successfully Battle COVID-19?
2-Metric Model suggests Relaxed
Restrictions for Bangladesh
● The opening of Economies can logically
framed on 2 metrics: Mobility and COVID-
19 recovery rate. 23
● For Bangladesh, where the number of
internet users is only 90.05 million of the
population, the mobility rate will be highly
underestimated.24
● Thus, Bangladesh should be under the
high mobility and low recovery quadrant
(Quadrant II).
● For countries like Bangladesh, relaxed
restrictions and loosened lockdown
measures are the most appropriate.
● In addition, Bangladesh must carefully
weigh the reopening strategies adopted
by different nations.
8
Fig. 3: The 2–Metric Model
9. 3. Lockdown Easing Strategies Applied by Other Nations
9
Deploying Tracing and Healthcare Technology
● More than 2 million Australians have used the Bluetooth-enabled COVIDSafe app that informs users of the past and present presence of
COVID-positive users within 1.5m radius.26
● In China, individuals can only leave the house with a green health pass. The color of the pass changes based on proximity with infection
sources.30
Relaxing Restriction on Selected Sectors
● Australia relaxed restrictions on education institutions and elective surgeries, starting May. 26
● In mid–May, the Italian government announced lifting of regional travel restrictions by June 3 to salvage the tourism industry.31
Stalwart Sanitization
● It is uncommon for individuals in Beijing to leave the house without a mask and a sanitizer.
● Likewise, hotels in Hong Kong have vigorously ramped up their sanitization efforts—rules mandate pre-shift temperature checks for
staff in certain hotels. 30
Controlling Public Gatherings
● Germany has restarted their football league but has not permitted gatherings of more than 10 people yet.
● The same measures are also in place in Denmark, Austria, Italy, and France.
Transforming Transportation
● Temperature scanners in Beijing subways have become commonplace and send off alarms if an entering commuter has a fever. 30
10. 4. Reopening Might Come at a Very High Cost
Diligent Reopening Plan Critical for Economic
Recovery
● Reopening plans will determine the type of economic
recovery Bangladesh can achieve.
● This is critical given the dependence of 6 million Small and
Medium Enterprises (SMEs) on the local economy.
● Plans should target a V-shaped economic recovery—
where the economy bounces back rapidly to pre-pandemic
growth rates.
● While pandemic was unexpected and disastrous, many
nations emerged with sophisticated reopening
strategies.
● Some of the strategies could be examined for
application to Bangladesh.
● The socio-economic landscape, as well as the
infrastructural deficiencies of the country, must be
considered as well.
10
Image 1: Workers in Bangladesh. Source: The Business Standard
GDP
Time
Pre-Corona
Baseline
Fig. 4: A V-shaped Post-Pandemic Recovery. Source: The Brookings Institute
11. 5. Applicable Strategies with Adaptations for Bangladesh
11
Table 2: Lockdown Easing Strategies Employed in Different Nations with Requirements & Obstacles for Implementation in Bangladesh
12. Applicable Strategies with Adaptations for Bangladesh
Table 3: Framework for Ranking Sectors for Reopening
12
LightCastle’s Framework Ranks Sectors Using Economic-, Industry- & Health-Related Criteria
LightCastle has developed this framework for 2 critical purposes: prioritizing which sectors to reopen (high-ranking sectors in the case of
another lockdown) and designing the timelines for reopening those sectors.
Contribution to GDP
Contribution to Employment
Financial Demographic —
Workforce
Critical Industry?
Export-Oriented Sector?
Time-Sensitive Product/Service?
Possibility of Remote Work?
Possibility of Social Distancing
Public Health Awareness
Criteria Scale
0-10037
0-10037
0-10037
0-100
0-100
0-100
0-100
0-100
0-100
Mechanism
Criteria Type
Economic & Labor Market
Output- & Industry-Related
Health- & Safety-Related
Sector’s contribution as % of GDP in 2019
Workforce as % of Total Labor Force in 2019
GDP/Capita as % of Annual Median Wages in 2019
Critical Sectors, e.g., healthcare, receive higher scores
Sectors that are export-oriented receive higher scores
Sectors, with output at high risk of spoilage, receive higher
scores
Sectors, with high feasibility of remote work, receive lower
scores
Sectors, with ease of social distancing, receive higher scores
Sectors, with high health awareness, receive higher scores
13. Applicable Strategies with Adaptations for Bangladesh
Sectors that are Critical and yield High Socio-Economic Benefits rank Higher
• Policy makers may even choose to assign weights to the criteria, based on the public health and socio-economic scenario.
• In case of another lockdown, sectors which rank high, like healthcare, or medium-high like RMG, may be considered for reopening only with
proper safety measures.
13
Fig. 5: Ranking of Sectors/Industries using LightCastle’s Framework
Sector Ranking
High
Medium
Low
Healthcare
Critical Sector
Time-Sensitive Service
Low Possibility of Remote Work
High Public Health Awareness, etc.
RMG
High contribution to GDP
High contribution to Employment
Export-oriented Sector
Low Possibility of Remote Work
Medium Public Health Awareness, etc.
Theatres & Cinemas
(Entertainment)
Relatively Low Economic Contribution
Not Critical Industry
Low Possibility of Social Distancing, etc.
14. Applicable Strategies with Adaptations for Bangladesh
Sectors which Rank Higher can Reopen with Caution
Sectors which rank high or medium can be opened using customized action plans.
14
Table 4: Customized Action Plans for Sectors, based on Ranking
Sector Ranking Reopening Decision Customized Action Plan for Reopening
High Yes, with caution Proper Social Distancing Guidelines
Strict Hygiene Compliance
Dedicated Transportation for Employees
Regular Public Health Awareness
Yes, with caution
Medium Reopening only critical subsectors
Social Distancing, if possible
Regular Public Health Awareness & Strict Hygiene Compliance
Low Best if avoided or limited Reopening only critical subsectors
Pilot Test Reopening
Automate processes to avoid transmission
Rigorous Social Distancing and Hygiene Compliance
15. Applicable Strategies with Adaptations for Bangladesh
Well-Publicized Health Campaigns Play Critical
Role in Curbing Infection
● Partnerships between private sector and the public
sector players would be key in success.
● Fast-moving consumer goods (FMCG) companies and
advertising firms could be considered as private sector
partners.
● Well-defined guidelines for maintaining health and
hygiene must be pronounced in public spaces and
transportation systems.
Targeted Isolation to Break the Chain of
Transmission
● The use of the zoning system, if adhered to properly,
may be a practical way to relax restrictions while
isolating individuals.
● It will also be key to enforce tougher isolation
restrictions for incoming international travelers.
15
Image 2: Disinfectant Station in Dhaka. Source: Reuters
16. Applicable Strategies with Adaptations for Bangladesh
Private Public Partnerships to Compensate for Poor
Healthcare Infrastructure
● Robust Public Private Partnerships (PPP) in the healthcare
ecosystem will be critical in increasing recovery rates and
curbing transmission.
● The launch of Telemedicine in mid-May and a beta version tracer
app in early June were a promising start.
● The healthcare system in Bangladesh suffers from a massive
ventilator shortage.
● Imports for ventilators, which have witnessed a spike due to
the pandemic, have been delayed.
● 18 local companies are in the technical trails of
manufacturing proto-type ventilators.
● Deliberate and concrete government support could accelerate
local manufacturing of ventilators.40
Image 3: Telemedicine Application Developed by Pathao, Maya and Praava Health. Source: Pathao Health
16
Image 4: Walton Ventilator Prototypes. Source: The Daily Star
17. 5. Applicable Strategies with Adaptations for Bangladesh
Targeted Isolation and Health Campaigns of Paramount Importance
These action items may be effective in adapting some of the lockdown easing strategies, which have been applied in other nations, in Bangladesh.
Table 5: Rigorous Adaptation Strategies for Lockdown Easing
17
18. 6. The Way Forward — No Substitute for Tactical Implementation
Reopening strategies will vary according to attributes of a country, and measures implemented in one nation cannot be exactly emulated in
another.
Policy and business decision makers in Bangladesh may, however, utilize LightCastle’s 3-step plan of action that yields the following results:
18
STEP 1 STEP 2 STEP 3
Lockdown Easing Strategies commonly used by
other countries are:
• Relaxing Restrictions on Certain Sectors
• Controlling Public Gatherings
• Deploying Tracing & Healthcare Technology
• Transforming Transportation
• Stalwart Sanitization
Bangladesh will face the following obstacles in
implementing Strategies in Step 1:
• High Population Density
• Poor Healthcare System & Testing Rates
• Low level of Compliance to and Awareness on
Health & Hygiene
• High Implementation Cost of Healthcare
Technology
LightCastle suggests the following action items
to combat obstructions in Step 2:
• Customized Frameworks to Rank Sectors for
Reopening
• Public Health and Hygiene Campaigns
• Targeted Isolation
• Public Private Partnerships in Healthcare
Technology
The frameworks and customized plans of action suggested in this report may aid in maximizing economic recovery while minimizing
public health damages.
19. ENDNOTES
1. WHO. (2020). WHO Timeline COVID -19
2. WHO. (2020). WHO Coronavirus Disease Dashboard. Updated July 8 2020.
3.WHO. (6 June 2020). COVID-19 Situation in the WHO South-East Asia Region
4. New Age. (2020). Govt imposes 10-day ban on public transports from March 26
5. GARDA WORLD. (2020). Bangladesh: Government extends nationwide lockdown
until April 11
6. The Business Standard. (2020). Govt decides not to extend general holidays further
7. UNB. (2020). Parameters set for red, green and yellow zones
8. The Business Standard. (2020). Govt to divide country into red, yellow, and green
zones
9. Daily Bangladesh. (2020). 13-point hygiene instructions for offices, factories
10. East Asia Forum. (2020). COVID-19 batters Bangladesh’s already struggling
economy
11.The Business Standard. (2020). World Bank forecasts only 1.6% GDP growth for
Bangladesh
12.The Business Standard. (2020). Stimulating employment, healthcare key to reviving
coronavirus-affected economy: StanChart CEO
13. World Economic Forum. (2020). How Bangladesh’s leaders should respond to the
economic threats of COVID-19
14. New Age. (2019). Poverty rate lowers to 20.5pc in 2018-19
15. LSE. (2020). Coronavirus and the Bangladesh economy: Navigating the global
COVID-19 shutdown
16. The Financial Express. (2020). World Bank projects 22pc fall in remittances
17. The Financial Express. (2020). Export earnings witness 82.85pc negative growth in
April
18. KPMG. (2020). Measures in response to Coronavirus disease (COVID-19)
19. The Financial Express. (2020). BD economy loses Tk 33b every day during
shutdown: Study
20. Bangladesh Bank. (2020). DMD Circular No – 1/2020 Government Securities
21. Google. (2020). COVID-19 Community Mobility Reports
22. CoronaTracker. (2020). COVID-19 Reports
23. Visual Capitalist. (2020). The Road to Recovery: Which Economies are Reopening?
24. Future Startup. (2019). The Mobile And Internet Penetration Growth Continues,
Internet’s Deployment Phase
25. World Bank Blogs. (2020). Reopening Malaysia’s economy in a new normal
26. The Financial Times. (2020). New Zealand and Australia open up after coronavirus
success
27. Ministry of Health, New Zealand. (2020). COVID-19 - current cases
28. CNBC. (2020). ‘Like walking the tightrope’: Some European countries are starting to
lift coronavirus lockdown measures
29. BBC. (2020). Coronavirus: How lockdown is being lifted across Europe
30. Conde Nast Traveler. (2020). These Countries Are Opening Back Up—And
Cautiously Preparing for Domestic Travel
31. Al Jazeera English. (2020). The rushed easing of lockdown measures could
devastate Italy
32. The Washington Post. (2020). Reopening too soon: Lessons from the deadly
second wave of the 1918 flu pandemic
33. The Conversation. (2020). This is why Singapore’s coronavirus cases are growing:
a look inside the dismal living conditions of migrant workers
34. DIRSI, LIRNEasia and Research ICT Africa. (2019). AfterAccess: ICT access and
use in Asia and the Global South
35. The World Bank Data. (2020). Population Density
36. McKinsey & Company. (2020). How to restart national economies during the
coronavirus crisis
37. Percentage to be removed for final score
38. The Atlantic. (2020). What’s Behind South Korea’s COVID-19 Exceptionalism?
39. Institute of Epidemiology, Disease Control and Research (IEDCR)
40. The Dhaka Tribune. (2020). Covid-19: Whatever happened to importing
ventilators?.
19
20. Disclaimer:
All information contained herein is obtained by LightCastle from sources believed by it to be accurate and reliable. Because of the possibility of human or
mechanical error as well as other factors, however, all information contained herein “As IS” without warranty of any kind.
LightCastle adopts all necessary measures so that the information it uses is of sufficient quality and from sources LightCastle considers to be reliable
including, when appropriate, independent third-party sources. However, LightCastle is not an auditor and cannot in every instance independently verify or
validate information received in preparing publications.
Farah Hamud Khan - Senior Business Consultant & Project Manager (farah.khan@lightcastlebd.com)
Nahian Hasnin - Business Analyst (nahian.hasnin@lightcastlebd.com)
Eqra Mohammad Resalat Ohee - Trainee Consultant
Md. Tanjim Morshed - Creative Design Associate
LightCastle Partners
Level 5, House 10/12, Road 1, Block B, Niketan
Gulshan 1, Dhaka 1212, Bangladesh.
Email: info@lightcastlebd.com
Mobile: +88 01711 385988, +88 01747 353438
Web: www.lightcastlebd.com
Data on Demand Platform: databd.co
20