Write an essay with given topics about impacts of corona in the world include India.
* Introduction
* impact on education
*impact on economy
* impact on agriculture
* Conclusion.
This topics ⬆️ must include in essay
No spam ..If u spam , I will report it. If u give proper answer , I will mark u as brainliest....
Answers
Answer:
your Answer.
Explanation:
Opinion: Impact of covid-19 on the Indian Economy
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.
The covid-19 epidemic is the first and foremost human disaster in 2020. More than 200 countries and territories have confirmed effective medical cases, caused by coronavirus declared a pandemic by the WHO. Recent growth rate case globally has accelerated to more than 12,00,000 covid-19 confirmed cases and more than 66,000 deaths till April 1, 2020.
As we have already acknowledged that India is a developing economy, it is stated as an economy passing through demand depression and high unemployment, with 21-day lockdown announced by Prime Minister Narendra Modi on March 23, 2020, it would slowdown the supply-side, accelerating the slowdown further and jeopardising the economic wellbeing of millions.
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.
The quarterly GDP growth has consistently fallen since Q4 of FY18. If there is a deviation in Q4 of FY19, as shown in the graph below, it is because the National Statistical Office (NSO) revised its data on February 28, 2020, drastically cutting down growth rates in the first three-quarters of FY19 (from 8% to 7.1% for Quater1; from 7% to 6.2% in Quarter 2 and 6.6% to 5.6% in Quarter 3.
With the commencement of 2020-21 financial year the effects of coronavirus have affected the stability of the economy of 150 countries - jeopardising their lifestyle, economy, impacting business and assumption of common wellbeing which we had taken for granted. The lockdown has adversely have affected service sector like banks, restaurants, food vendors, and food delivery providers at par with providing health safety and medical sustenance, we should also have to think about the health of the sickening economy by mobilizing the resources and make plans of job creation and job continuity.
Sectorial Impact
Restaurants Services: The National Restaurant Association of India (NRAI), which represents 500,000-plus restaurants across the country, has advised its members to shut down dine-in operations starting Wednesday till March 31, 2020. This will impact operations of thousands of dine-in restaurants, pubs, bars and cafes. By extension, food delivery platforms such as Swingy and Zomato that are by itself functioning -- have also taken a big hit. Orders on Swingy and Zomato have dropped 60 per cent amid the pandemic.
Food and Agriculture: The food and agriculture sector contributes the highest in GDP i.e. 16.5% and 43% to the employment sector. The major portion of the food processing sector deals with dairy (29%), edible oil (32%), and cereals (10%). India also stands number one in dairy and spices products at a global scenario (export).
MSME: This sector contributes 30% to 35% of the GDP, showing a bifurcation of micro (99%), small (0.52%) and medium (0.01%) enterprise. If we see the sectorial distribution of MSMEs, it shows 49% from rural and 51 % from the semi-urban
The key notable points are:
·Daily essentials categories are massive 200% hike in searches driven by hygiene and healthcare needs.
·Lifestyle categories sales witnessed a drop between 15% to 30% with an increase in consumer price sensitivity.
·Purchase growth skewed to family vs individual purchases.
·Increase in searches skewed to brand agnostics.
Above points stated mostly the negative impact of the lockdown, but we would miss out something if we do not acknowledge the growth of digital infused technological gain. With the advent of the lockdown most of the sector shifted their functioning online the MNC are utilising their work from home option to carry on an uninterrupted working.
(The authors are: Tanisha Mukherjee, School of Management, Nilanjan Ray, Associate Professor School of Management, Adamas University, West Bengal, and Dr Sudin Bag, Assistant Professor, Department of Business Administration, Vidyasagar University, West Bengal. Views expressed are their personal.)
That's Your Answer.
Mark as brainlist
Thnx.