Covid-19 - Its Impact And Opportunity For Indian Economy
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Covid-19 - Its Impact And Opportunity For Indian Economy
Every fall in the economy can be seen as a new opportunity. The spread of pandemic by Corona virus has made a huge disruption in economic activities, resulted the biggest loss to the global economy in a small period of time. The silver lining of Covid-19 is that it has generated a huge demand of personal hygienic and protective equipment world over. Also there is a high demand of paramedical and cleaning staff. Government quick and pro-active measure may be a game changer for Indian economy.
CMA Ashoke Kumar Bothra

Impact of Covid-19

Corona has made a huge impact round the globe within a very short span of time. No economy, no person, no corporate, no product in fact nothing spare by pandemic of novel corona virus originated in Wuhan province of China in late 2019. Its massive and fast spread all over the world, has compelled the think-tank busy round the clock to find some quick innovative solution at present and also to cope up future conditions as well.

Our discussion, here, is limited to its impact on economy, resulting an opening a new era in world economy where India can play a leading role.

The large number of economic activities, like education, travelling, entertainment, games and sports, tourism, religious, non-religious, political and apolitical meetings and gatherings stopped unexpectedly by the outbreak of Corona virus. People across the world are bound to start thinking on healthcare, lifestyle, food habits, sanitisation, cleaning, social distance maintaining, thank god the advancement in technology make it feasible to a large extent. It seems that the biggest victim of corona virus is the economy, i.e., the livelihood of the people and not the life of people.

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May 2020