“Covid – 19 has been a game changer in our lives.” Since the onslaught of the
virus our lives and our daily routine has completely been revamped. Justify the
aforementioned by writing your views and opinions in about 100-150 words.
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Answers
Answer:
Covid-19 is the first truly global pandemic. It has spread faster and wider than any previous epidemic because of global connectedness. But because of the same reason, it has allowed the world to fight together in this battle against this contagion.
India has fared better, so far, compared to many other countries. Acting early by a nationwide lockdown — which Prime Minister Narendra Modi announced on Tuesday to have been extended till May 3 — has helped. But there is need for continued vigilance to ensure that neither imported nor community transmission occurs.
A more clear and present test is of managing the economic consequences of Covid-19. China’s economy has tanked by double-digit percentage during the first quarter. IMF has predicted that for the whole of 2020, the global economic output growth would be negative. India’s economic growth projections have been put at under 3% for the year.
Economic activity could be resusciated if the pandemic runs its course in a month or two. The best way to look at the current economic paralysis is as a deferment of production and income, which can be, with the right policy levers and stimuli, made up over time.
The key to economic recovery is rapid containment of the pandemic to a level that allows progressive resumption of business. Historically, pandemics have a graph of starting slowly, gaining momentum, peaking and petering out. Wuhan, where Covid-19 originated in China, and which was locked down for nearly three months, has started returning to a semblance of normality. Covid-19 is showing signs of having reached its crest in the most-affected parts of Europe.
If Wuhan can be taken as a model for Covid’s peaking and waning, then one can budget 2-3 months of staggered economic shutdown before resumption of regular business.
Post-Covid-19, the world will not go back to the old normal. Behavioural changes involving work, social interaction and governance will linger on and many of the changes could even become permanent. The most obvious change has been in the way we work. While ‘remote work’ technologies have been around for decades, most businesses have favoured physical presence and interaction for work and supervision. They have invested in buildings and prioritised employees commuting to one place, instead of reaching out to people wherever they are.
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