Question

10 points of the impact of the covid-19 on the economy​

Answer 1

Answer:

The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive.

India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics

Due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown.

Sharp rise in unemployment

Decrease in government income

Collapse of the tourism industry

Reduced consumer activity

Plunge in fuel consumption. Rise in LPG sales.

Fall in trade with China

Collapse of the hospitality industry