Elocution topic-:
Impact of lock down on Industrial sector in India
Answers
COVID-19 put an immediate halt to many business activities across the globe, as several countries had shut down their ports, airports and domestic transportation while imposing nation-wide lockdowns, leading to a disturbance in business and civil life. The lockdown in India impacted manufacturing activities across the globe. India took special measures to control the spread by imposing one of the longest lockdowns in the world, to cushion the scarce availability of healthcare resources. The enormity of the lockdown affected manufacturing activities and supply chains alike, disrupting the overall economy.
While India recovered fairly from the first wave, the second wave has hit the country the hardest in terms of fatalities. The second wave has led to further State-imposed lockdowns, impacting the economy while putting several restrictions in place on key businesses. This was followed by a slowdown in labor-intensive industries involving manufacturing, real estate, construction, and infrastructure, on account of the reduced labor availability during this period. With learnings from the first wave, the country used its experience to combat the effects of the second wave. Strategic lockdowns and easing up of the same have helped numerous States curb the spread of infection while providing the industry with considerable regulatory initiative to restore normalcy. With proactive measures, the country is slowly and steadily fighting against the insurgent second wave.
Answer:
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Explanation:
During the first wave of the pandemic, lockdown-imposed restrictions on the movement of goods and people severely impacted workforce capacity and disrupted supply chains, bringing nearly all manufacturing activity to a stand-still.