Business Impacted by Various Pandemic (Series-2)

100 pages

English

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Business Impacted by Various Pandemic (Series-2) , livre ebook

ISL Publications - Professor Sanjay Rout

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100 pages

English

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Currently, as we all in globally affected directly or indirectly by the pandemic situation. Since from time to time globe had been affected by various Virus pandemic effects throughout different social, economic & other areas. Which changes a lot of things in different layers of human society how time to time different virus effect and affect in different global landscape (economy, tourism, trade, education, policy, innovation, circular economy, public infrastructure, mobility, sanitation, energy, industrial, water, biodiversity, agriculture, food, medicine, technology, social, behavior, public health, governance, health care, new industry & others) & others. The book Business Impacted by Various Pandemic (Series-2) is published by ISL Publications and contributed by 10 global authors. The book virus economy is published under the ISL Publications. The book depicts lots of thoughts from various countries’ global leaders. The book is available in all leading digital and offline stores globally.

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Publié par	ISL Publications
Date de parution	01 janvier 2021
Nombre de lectures	2
EAN13	1230004451754
Langue	English
Poids de l'ouvrage	2 Mo

Informations légales : prix de location à la page 0,0544€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Business Impacted by Various Pandemic

(Series-2)

Chief Editor

Professor Doctor Sanjay Rout

Sub-Editor

Professor Prangyan Paramita Biswal

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Copy Right

The chapter book written by multiple authors from various countries .All rights reserved to innovation solution lab. Any unauthorized reprint or use of this material is prohibited. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without express written permission from the author/publisher.

Please do not participate in or encourage piracy of copyrighted materials in violation of the author’s rights. Purchase only authorized editions.

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EDITORIAL NOTE

With the bountiful Grace of God Almighty. We have immense pleasure to pen a message on the editorial desk. Various authors of different institutions contributed their original book paper on the ―Virus Economy(Series-II)‖. This book chapter is a compendium of the discussions, sharing, interactions and feedback of the platform stag practically to express the views of the authors of the papers as the contents are purely their own views based on their knowledge, intake and initiations grabbed and experienced empirically and orally besides reading of the thematic definitions explanations from various sources and resources. Hence it is published here as their own originals for interring and interpersonal discussions. We are indebted to all the Professors, Research scholars, Students and other well-wishers who have contributed their papers and efforts with full commitment and conviction to make this publication meaningfully purposeful and successful with knowledge value and thematic conceptual credit. At this moment we make our Sincere thanks to Innovation Solution Lab team & all Global Researcher, Thinkers in particular for their wholehearted support and encouragement for the successful publication.

Chief Editor

Professor Doctor Sanjay Rout

Sub-Editor

Professor Prangyan Paramita Biswal

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Content

Sl.No Title & Author Name 1 Impact Of Covid-19 On Indian Economy Dr. M. MAHALAKSHMI (Assistant Professor) PG and Research Department of Economics, A.V.C College (Autonomous), Mannampandal, Mayiladuthurai, Tamil Nadu2 The Impact Of Covid-19 On Tourism In India - A Study Mr. R. Prabakaran (Assistant Professor of Economics), ARC Visvanathan College, Mayiladuthurai, Tamilnadu3 Emerging Educational Technologies Prof. Sachin Arjun Kadam ,Assistant Professor, Viva College, Mumbai, Mumbai University, Maharashtra, India

Health Care Professional Indemnity And Compensation Insurance: A Descriptive Review Of A World Of Virus OMOLOLA Adams Olatayo RN RM RPHN HHM BNSc,CEO(Adams Health Blog) Impact Of Covid-19 On The Indian Economy Prof. Sachin Arjun Kadam , Assistant Professor, Viva Degree College, Mumbai University , Mumbai, IndiaVisualising the Impact of COVID 19 on App Popularity Dr Shumayela Hasan ,Assistant Professor Department of Economics , The Bhopal School Of Social SciencesCorona virus is affecting the global economyProfessor Sanjay Rout(Global Advisor ) NCCHWO Role Of Technology And Educators In The Times Of Covid Ms. Anuradha Pant (Educationist),India

Impact Of Covid 19 On Mental Wellness And Rise In The Importance Of Mental Health Ms.Rashmi Tripathi ,Founder & CEO (Unique Trainings),India Whammy Indian Economy Mr.Mervin Felix Caleb, Assistant Professor, Department of Management Studies, AFMI MIT College of Engineering, Mysore, Karnataka,IndiaConclusion

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IMPACT OF COVID-19 ON INDIAN ECONOMY

Dr. M. Mahalakshmi Assistant Professor ( A.V.C College) About Author: Dr. M. Mahalakshmi ( Assistant Professor) ,PG andResearch Department of Economics, A.V.C College (Autonomous), Mannampandal,Mayiladuthurai, Tamil Nadu, India .Her area of specialization is Development Economics with 18 Number of Publications.Abstract The Covid-19 pandemic continues to unfold worldwide, with direct effects on Peoples‘ health and deepening socio-economic impacts. A number of countries have begun lifting lock down and containment measures but these continue to affect large numbers of works, significantly reducing economic activity and working time. However, some countries have already begun the process of replacing the policies restrictions to make a new normalcy for purpose of gradually reopening the business. Huge decline in consumption demand that will continue into the period after the lockdown is lifted. IMF (April 20, 2020) projected that the global economic growth could be constructed around by-3% in 2020 from2.9% in 2019. They also experience additional challenges lined to their precarious legal status, the associated restrictions on their mobility, and the physical and mental distress stemming from forced displacement from their home countries (ILO, June 2020). Keywords:Indian Economy, GDP, Pandemic, Covid-19, Virus, Disease, Crisis, Strategies.

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1.1 Introduction The Corona virus disease Covid-19 pandemic, which originated in the city of Wuhan, China, has quickly spread to various countries, with many cases having been reported worldwide. As of May 8th, 2020, in India, 56,342 positive cases have been reported. India, with a population of more than 1.34 billion second largest population in the world will have difficulty in controlling the transmission of severe acute respiratory syndrome coronavirus 2 among its population. Multiple strategies would be highly necessary to handle the current outbreak; these include computational modeling, statistical tools, and quantitative analyses to control the spread as well as the rapid development of a new treatment. The Ministry of Health and Family Welfare of India has raised awareness about the recent outbreak and has taken necessary actions to control the spread of Covid-19. The central and state governments are taking several measures and formulating several wartime protocols to achieve this goal. Moreover, the Indian government implemented a 55-days lockdown throughout the country that started on March th 25 , 2020, to reduce the transmission of the virus. This outbreak is inextricably linked to the economy of the nation, as it has dramatically impeded industrial sectors because people worldwide are currently cautious about engaging in business in the affected regions. 1.2 Literature Review Jitender singh & Bhag Singh Bodlastudied that Covid-19, Pandemic, Indian Government announced complete lockdown in the country starting on March 24, 2020 and the same was extended to 3rd May, 2020 in the second phase. Though the lockdown was necessary and inevitable so as to prevent the faster spread of Novel Coronavirus (Covid-19) and to save lives of people of the country, it is going to affect the various sectors of our economy severely. The Banking and Non-banking finance companies (NBFCs) which are backbone of India's economy are not exception to the above. This article is an attempt to assess the impact of this pandemic on Banks and NBFCs due to lockdown which has resulted into closure of all commercial organizations, educational institutions, public and private offices, suspension of means of transportation, etc. The conclusion in this regard is based on the views expressed by several groups including economists, financial institutions like IMF, World Bank and consulting firms. Secondary sources of information are used to collect the required information. The article

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has indicated a very severe effect of lockdown on banks and NBFCs in case it prolongs beyond July 2020.Chain Shruti Agrawal et.alopinion the great depression of 1930 in which the global economy has faced the worst recession is now facing the global pandemic of corona virus that has laid the adverse effect on all the economic activates across the world. The sudden decline in economic activities due to the lockdown is unexpected in the history of India. The great economist Keynes has suggested the concept of trade business cycle after the great depression. The four stage of trade cycle is considered to measure the growth rate and real GDP. International Monetary Fund (IMF) has projected the GDP growth as 1.9% and this shows the worst growth performance of India after the liberalisation policy of 1991 in this fiscal year as the corona virus has disturbed the whole economyManufacturing plays an importantrole inthe development of nations by contributing to the GDPs. Manufacturing industries are themajor contributor in the global economy. At present time industries across the world are focusing on the high value and high margin products. Now the production of the low margin and high volume products have shifted towards the low economies. Manufacturers have reported the disturbances in the manufacturing practices. 1.3 Objectives1.To know the impact of Covid-19 on Indian Economy. 2.To find out the Impact of Covid-19 on Multiple Sectors of the Economy.3.To study the impact of Covid-19 and Indian Exports. 4.To list out the Measures of the Government of India. 1.4 Methodology This research is mostly descriptive in nature. Secondary sources of data have been used for this Secondary data has been collected from different published sources like Books, Journals, Newspapers and Magazines, and Websites. 1.5 Impact of Covid-19 on Multiple Sectors of the Economy Covid-19 has set foot in India and is heading the nation to major downturn. Coronavirus disease has become a world-changing event and is not only a humanitarian crisis but also economic and social crisis. Its impact on the business environment is worldwide and manifold. Due to the rapid spread of coronavirus, several entities are bound to limit their business

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operations leading to disruption in the economic activities of several industries that drives growth. The setback that is being encountered by the different sectors of the economy is highlighted below. Table: 1 - India's exports fell across numerous sectors in April 2020as compared to the same period last year Sl.N0 Commodities Growth Rate (%) 1. Rice -7.04 2. Fruits & Vegetables -9.29 3.-25.35 Plastic & Linoleum 4.-32.18 Spices 5. Marine Products -41.94 6. Coffee -44.22 7. Meat, -60.34dairy & Poultry Product 8.-67,55 Cashew 9. Tobacco -68.47 10.Tea -64.87 11. Electric Goods -71.04 12.-93.28Leather & Leather Products 13.-96.74& Jewellery Gems Source: ICC

India's exports fell across numerous sectors in April 2020 as compared to the same period last year

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Commodities Rice Fruits & Vegetables Plastic & Linoleum Spices Marine Products Coffee Meat, dairy & Poultry Product Cashew

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1.6 Primary, Secondary & Service SectorsThePrimary Sectorencompasses industries associated with extraction and production of raw materials. This sector provides employment to about 43.21% of the population in India and contributes about 16.1% of the Indian GDP. It supplies raw materials to secondary sector and furnishes basic necessities of human life. In agricultural sector, due to travel restrictions for lockdown, there has been a dearth of agricultural workers which has resulted in drop in production. Also the pandemic lockdown period coincides with the harvesting season of ‗Rabi‘ crop, but owing to paucity of labourers the crops unabatedly stays in the field. As the operations of the businesses like hotels, restaurants, sweet shops and tea shops are suspended, the market of

raw materials which are used for these purposes has gone down leading to grievances of farmers. There is a significant fall in revenue of the tea based industries as they export a substantial part of their output which is now barred. The pandemic has curtailed the overall demand for metals and minerals which has trimmed down their prices. The mining entities has also experienced drastic drop in their share prices. TheSecondary Sectorprovides employment to around 24.89% of the population in India and contributes about 29.6% of the Indian GDP. It embraces industries that produces and distributes finished goods or in indulged in construction activities, thus providing support to both the primary and service sector. Manufacturing industries are bearing the brunt of coronavirus as they had terminated their production at a short notice. The value of the inventories that are held up in the production centers or warehouse of these industries has gone down and the machineries are too lying idle for a long time. Major hindrance encountered by the industries are cash flow constraints and supply chain disruption. Automobile industry almost all plants shut and imports being sealed up, there is a steep decline in production and sales of the automobile companies impelling them to declare pay cuts. The situation will be awful even during post lockdown period due to fall in income levels. Textile and Apparel industryis workplace for over 45 million people in the country but temporary closure of production units has increased their hurdles leading to lay-offs. The termination of exports and imports has adverse impact on the spinning mills in India as the exports of fabric, other materials have disrupted. Pharmaceutical and Chemical industries highly count on import of bulk drugs and