Question

Write an essay on effects of covid 19 on indian economy

Answer 1

Answer:

Effects of covid 19 on indian economy

Explanation:

• The world is suffering from a deadly Virus.The Corona Virus or The COVID-19, it is a life risking Virus and many death cases have occurred recently. All the places are closed and the world is under a strict lock down.
• Covid-19 had a great impact on Indian industry,trade,commerce like it had a great impact on Indian economy and started to drench the resources and economical growth.
• In India, the internal migrant workers, day labourers and the poor are deprived of resources.  During the lockdown people have lost employment. Many companies have started 'Work from home' but some companies have also turned down the employment opportunities.

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Answer 2

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❥ tσpíc : ᴍʏ ᴠɪᴇᴡs ᴏɴ ᴛʜᴇ ᴄᴏᴠɪᴅ ʀᴇʟɪᴇғ ᴘᴀᴄᴋᴀɢᴇ ғᴏʀ ɪɴᴅɪᴀɴ ᴇᴄᴏɴᴏᴍʏ...

• In response to the biggest economic crisis since 1979 triggered by the Covid-19 pandemic and the subsequent 54-day lockdown – one of the harshest in the world, the Central government’s fiscal relief so far is limited to just about 1.1% of GDP. It has, however, allowed states to increase their borrowing limit unconditionally by 0.5% of their Gross State Domestic Product (GSDP) or Rs 1.07 lakh crore.

• A chunk of the Centre’s fiscal relief – Rs 40,000 crore or 0.2 per cent of GDP – has come as additional allocation to MGNREGA over and above the Budget Estimate of Rs 61,500 crore in the fifth and final tranche of the Atmanirbhar package announced by Finance Minister Nirmala Sitharaman on Sunday.

• Much of the May 12 Atmanirbhar package of Prime Minister Narendra Modi totaling Rs 20 lakh crore and elaborated over the last five days by Sitharaman has been liquidity driven, with little burden on the exchequer. The government also took this opportunity to re-package some of the old measures, and push some new reforms such as in agriculture, public sector enterprises, which has been pending for long.

• The money that the poor got in their hands over the last two months following the Central government announcements has been just Rs 33,176 crore so far, Finance Minister Sitharaman said. This includes Rs 10,025 crore to women Jan Dhan account holders, Rs 16,394 crore

The farmers under PM Kisan Yojana (frontloading of payment without additional fiscal cost), Rs 2,807 crore to old persons, widows and the disabled, and Rs 3,950 crore to construction workers (also without any fiscal outgo since it is paid from the Building and Construction Workers’ Cess Welfare Fund).