long essay on covid -19
Answers
Explanation:
COVID
covid is virus which is from the china Chinese make this virus
Answer:
Many economists and other experts have expressed their views about the overall effect of Coronavirus on economy and industry. Most reports seem to be painting a gloomy picture because of this two week lockdown that in all likelihood will be extended by another two weeks. There is no doubt that there will be a dip in all economic indicators. Nobody can argue on that front. Longer the lockdown more will be the time required for economy and industry to bounce back. But it may be incorrect to assume that Indian economy will be in dire straits.
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The sectors that will be well placed in the coming months are pharmaceuticals, medical, agriculture, internet providers and some on line selling platforms that cater for home essentials, groceries, medicines etc. and do not rely only on limited range of products like clothes or white goods. Indian pharmaceutical sector should see massive expansions with worldwide recognition and acceptance. Government must be proactive in facilitating this. If there is an exodus of Japanese and Western manufacturing industries from China, India must be ready to offer them a viable and attractive alternative. That may well be a game changer for India.
With time businesses will reinvent themselves and find innovative solutions to overcome the problems that they have faced in this period of lockdown. That will result in growth of some more industries and give birth to newer methods of doing business. An example of this may be asking more people to work from home in some industries like call centres, consulting, banking, finance companies and similar businesses where employee work can be monitored remotely. This will result in cost cutting and reduced infrastructure requirement for many.
This may be a good time for the country to look at its basic manufacturing in SME sector that had shrunk because of onslaught of Chinese imports. One important lesson learnt from this lockdown has been about the need for self-sufficiency in daily essentials for the huge Indian population. When a nation finds itself short of simple things like masks, protective clothing, latex gloves and essential medical supplies, it is indeed something to worry about. It is time to leverage the entrepreneurial drive of an average Indian to ensure that the nation does not face a similar situation ever again. The nation must aim at reducing imports of daily essentials from China and instead make them in India. ‘Make in India’ has to extend to ‘sell Indian’ and ‘buy Indian’. It is time Indian store shelves are full of India made products instead of Chinese products finding most of the shelf space.
To achieve the above, government should commission a few fast track pilot projects in SME sector under ‘Make in India’ to encourage new entrepreneurs to manufacture products that are currently imported from China.