Question

Write a short note on 'India under lockdown' highlighting the impact of an Indian economy and on the common man.​

Answer 1

Answer:

With an increasing number of coronavirus cases, the government has locked down transport services, closed all public and private offices, factories and restricted mobilization. Based on recent studies, some economists have said that there is a job loss of 40 million people (MRD report) in the country, mostly in the unorganized sectors.

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Answer 2

The outbreak of Covid-19 is the first and greatest human tragedy in 2020. More than 200 nations & regions  have confirmed effective medical cases that is caused by the pandemic coronavirus. Globally, more than 12,00,000 confirmed cases and over 66,000 casualties have been increased to more than 12,00,000 by April 1 2020.

Explanation:

• We recognise that India is a developing nation  & that, with the lock-down declared by the Prime Minister on March 23, 2020, the supply-side will be limited, the recession would become much more severe and millions of people 's economic well-being would be jeopardised.
• The government has locked up transportation facilities, closed all public & private offices, factories & minimal mobilisations in a growing number of cases of coronavirus. According to recently published reports, there has been a job loss of 40 million (MRD) people in the world, mostly in non-organized areas.
• In this case, it is expected that India will be in recession, and semi-skilful employees will lose their jobs. It might also appear that national leadership, under-political instability & the economic confrontations between major powers, is eroding confidence within & between nations at this time.
• Reference is made to the government and RBI 's recent steps to mitigate the effect of this pandemic, as the RBI Governor said, only for a short period of time & because the problem is serious & has been exacerbated further by lock-down, these will not produce the desired results. The unorganised market, , is likely to suffer a significant downturn in the coming months in relation to recent events & data, because the job generation is decreasing alarmingly with a long-term lock-down & poor GDP.
• The consequences of Coronavirus have affected the economic stability of 150 natios at the start of fiscal year 2020-21 – jeopardising their lifestyle , culture, impact of the company & presumed general well-being.  The lockout has negatively impacted the sector of services, such as banks, restaurants, grocery retailers and fuel suppliers.

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