Question

effect of India due to covid 19
essay writing please answer my questions​

Answer 1

Explanation:

The coronavirus pandemic has caused a global reduction in economic activity and although this is major cause for concern, the ramping down of human activity appears to have had a positive impact on the environment. Industrial and transport emissions and effluents have reduced, and measurable data supports the clearing of pollutants in the atmosphere, soil and water. This effect is also in contrast to carbon emissions, which shot up by 5 percent after the global financial crash over a decade ago, as a result of stimulus spending on fossil fuel use to kickstart the global economy.

The month of May, which usually records peak carbon emissions due to the decomposition of leaves, has recorded what might be the lowest levels of pollutants in the air since the 2008 financial crisis.

China and Northern Italy have also recorded significant reductions in their nitrogen dioxide levels.

Further, sources suggest that there has been a 25 percent drop in energy use and emissions in China over two weeks which is likely to decrease the overall annual carbon emissions of the country by 1 percent.

In India the results were similar too; March 22 was the ‘Janata Curfew’, following which, a significant dip in air pollution levels was measured across the country. Cities like Delhi, Bengaluru, Kolkata and Lucknow saw their average Air Quality Index (AQI) staying within two digits.

Another example of cleaner air was seen when, on April 3rd, residents of Jalandhar, a city in Punjab state, woke up to a view of the Dhauladhar mountain range, a rare feat in normal times, considering the distance between the two places- lying nearly 213 kilometres apart from each other and have not been visible from the city in recent memory

Answer 2

Explanation:

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. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".

The World Bank and rating agencies had initially revised India's growth for FY2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s. However, after the announcement of the economic package in mid-May, India's GDP estimates were downgraded even more to negative figures, signalling a deep recession. (The ratings of over 30 countries have been downgraded during this period.) On 26 May, CRISIL announced that this will perhaps be India's worst recession since independence. State Bank of India research estimates a contraction of over 40% in the GDP in Q1 The contraction will not be uniform, rather it will differ according to various parameters such as state and sector. On 1 September 2020, the Ministry of Statistics released the GDP figures for Q1 (April to June) FY21, which showed a contraction of 24% as compared to the same period the year before.

According to Nomura India Business Resumption Index economic activity fell from 82.9 on 22 March to 44.7 on 26 April. By 13 September 2020 economic activity was nearly back to pre-lockdown.[1] Unemployment rose from 6.7% on 15 March to 26% on 19 April and then back down to pre-lockdown levels by mid-June.[2][3] During the lockdown, an estimated 14 crore (140 million) people lost employment while salaries were cut for many others.[2][4] More than 45% of households across the nation have reported an income drop as compared to the previous year.[5] The Indian economy was expected to lose over ₹32,000 crore (US$4.5 billion) every day during the first 21-days of complete lockdown, which was declared following the coronavirus outbreak.[6][7] Under complete lockdown, less than a quarter of India's $2.8 trillion economic movement was functional.[8] Up to 53% of businesses in the country were projected to be significantly affected.[9] Supply chains have been put under stress with the lockdown restrictions in place; initially, there was a lack of clarity in streamlining what an "essential" is and what is not.[10] Those in the informal sectors and daily wage groups have been at the most risk.[11] A large number of farmers around the country who grow perishables also faced uncertainty

Major companies in India such as Larsen & Toubro, Bharat Forge, UltraTech Cement, Grasim Industries, Aditya Birla Group, BHEL and Tata Motors have temporarily suspended or significantly reduced operations. Young startups have been impacted as funding has fallen.[12][13] Fast-moving consumer goods companies in the country have significantly reduced operations and are focusing on essentials. Stock markets in India posted their worst loses in history on 23 March 2020.[14] However, on 25 March, one day after a complete 21-day lockdown was announced by the Prime Minister, SENSEX and NIFTY posted their biggest gains in 11 years