Economy, asked by arnavjain20, 9 months ago

effect on agriculture service and industry sector (employment and GDP) present and future due to covid

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Answered by mrudulalitha85
4

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The country's farm sector is functioning smoothly despite COVID-19 lockdown and there will not be much impact on its growth in the current fiscal unlike other sectorsMeanwhile, government think tank Niti Aayog pegged the farm sector growth at 3 per cent in the current fiscal in hopes of a good monsoon amid prevailing COVID-19 situation.

Addressing the media, Tomar said: "In the current lockdown situation, the agriculture sector is functioning smoothly as there has been no shortage of foodgrains, vegetables and dairy products. But, many other sectors are impacted. We are proud of our farmers. We thank our farmers".

When the COVID-19 pandemic came ashore and moves like lockdowns were being deliberated upon, the USD 180-billion IT sector faced a huge challenge for business continuity. More than a month into it, industry executives feel it has been a blessing in disguise and will lead to a larger number of people to work from home in the post coronavirus world.

They attribute the emerging scenario to cost and productivity gains out of WFH (Work From Home) and it is not just the IT sector which is reaping the benefits. Companies across the services sectors, including banks, are set to have fewer people work from the offices in the future. India was put under a three-week lockdown from March 25, which was extended by 19 more days till May 3, to arrest the spread of coronavirus infections. As the promised date nears, there is an increasing possibility that the lockdown will be extended in many pockets, which have turned into hotspots. At present, many employees travel long distances to workplaces in cities plagued with traffic issues and high air pollution.

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