COVID-19 Impact on the Indian Economy

[rk8814719]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

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[BIT-BENDER]

Not just India, economical regression is visible on many countries. I choose not to think of the road to recovery for countries because at it is, it looks gloomy, let no be carried away with some invests -peaceful protests, return of some spots behind closed doors- the pandemic has not all of a sudden vanished, building back the economy of countries putting in consideration how to go about even with the virus, is now time to structure economical plans that acknowledges the presence of the pandemic, we can't just keep Waiting endlessly for the virus to pass away, jobs are being lost not only in your country India but everywhere else.

[snipie]

Not just India, economical regression is visible on many countries.

Yeah true, unemployment rate surged in many countries even in the biggest economy. China first but it seems to recover. USA having all time high unemployed people, some established car factories are kicking licenced employers to cut losses, many factories closed around the world and filling bankruptcy... It is a worldwide problem. For sure India is expected to suffer more than many countries since it already has so many social difficulties but also it has millions of people working abroad stuck without payments which make things just more difficult.
It is kind of lesson, hard one, so we can think otherwise about securing jobs, economy and take care of our (world) broken health system, among many other things ofc...

[Chrystora123]

when talking about which countries are most affected by corona, then I say the US is suffering the most.  Indian government must impose "NEW NORMAL" which will soon be done by many countries because 'LOCKDOWN "is not an effective policy for the second-most populous country in the world after China. The next 12 months is a difficult thing for all citizens in the world, especially residents whose business is most affected by "COVID-19" such as the hotel, tourism, restaurant business, and even transportation..

[rk8814719]

Yes True All World Economy Impact Covid-19 All business Close during lockdown last 3 months not any supplies chain full stop it's big impact business and unemployment   India's Company fire's more than 10 lac people so so big economic crisis every country.

[Kemarit]

Now the question is how countries are going to survived in this new norm. All business have slowly coming back, however, it is very different. Restaurants and anything food related, you can't just sit on the table and order food, almost all services are done and 'to-go'. Companies are laying off employees, but there could be sector that will boom in this intra-pandemic scenario.

I think every countries can recover and will adapt, humans are so resilient that we can adjust at any situations, even the worst in our history. It might take some time though, the thing is that we are moving now and that is a good sign that there are hope for a recovery.

[Taskford]

Now the question is how countries are going to survived in this new norm. All business have slowly coming back, however, it is very different. Restaurants and anything food related, you can't just sit on the table and order food, almost all services are done and 'to-go'. Companies are laying off employees, but there could be sector that will boom in this intra-pandemic scenario.

There are countries who starting to open up their major and essentials businesses so I think this will be a good start for any countries to revive their economies although some of the countries especially on 3rd world category maybe they will struggle but at least they can kick up little by little and if they will not be in sensitive for matters maybe loaning some huge amount of money in world bank will help to cater the needs of certain areas which is affected and to help them to stand up again.

[btc_angela]

Now the question is how countries are going to survived in this new norm. All business have slowly coming back, however, it is very different. Restaurants and anything food related, you can't just sit on the table and order food, almost all services are done and 'to-go'. Companies are laying off employees, but there could be sector that will boom in this intra-pandemic scenario.

There are countries who starting to open up their major and essentials businesses so I think this will be a good start for any countries to revive their economies although some of the countries especially on 3rd world category maybe they will struggle but at least they can kick up little by little and if they will not be in sensitive for matters maybe loaning some huge amount of money in world bank will help to cater the needs of certain areas which is affected and to help them to stand up again.

Everyone is really going on a lot of struggles here, even first world countries like USA will take a lot of time to bounce back. It is even declared the worst economic crisis for them. 3rd world countries though has the worst impact, as we all know that there are a lot of this so called "underground economies" there. But as we slowly saw the easing from the lockdown, little by little we are going to see recovery itself. And every world governing bodies like World Bank should be in forefront to help countries to bounce back.

[salamat700]

The same situation is happening all over the world whether one's country can be big and small. Maybe there are those who are resilient enough, and so they can easily bounce back but certainly there will be countries who may find it hard to get back to the pre-Covid19 era. Now, I am wondering...will it mean that in a country like India, there will be a more healthy cryptocurrency market or will the current economic meltdown be hampering the industry's growth and prospects?

[Wexnident]

Even the US is struggling to try to return everything back to normal, what more for those countries that were hit by the virus pretty hard. I just hope they actually properly face the steps for proper responses towards the repercussions of the effects of the Pandemic. Even if they do start opening up businesses and the like slowly, I honestly doubt it could return to even 50% of the normal revenue in a year. The virus is still there, it still exists, and honestly, it's kind of difficult to assume that it's gone even without new infections, hence the strict health policies still being implemented.

Now the question is how countries are going to survived in this new norm. All business have slowly coming back, however, it is very different. Restaurants and anything food related, you can't just sit on the table and order food, almost all services are done and 'to-go'. Companies are laying off employees, but there could be sector that will boom in this intra-pandemic scenario.

I think every countries can recover and will adapt, humans are so resilient that we can adjust at any situations, even the worst in our history. It might take some time though, the thing is that we are moving now and that is a good sign that there are hope for a recovery.

That is if the higher-ups actually help the recovery. It's kind of sad how some countries are undergoing problems that directly show how the government is incapable. Look at US, when they should be concentrating all efforts for the recovery of the pandemic, the actions of the government instead lead to the rally for racism. Not saying that it's wrong tbh, just that the government failed to address the problem which leads to the rally right now.

[YOSHIE]

Isn't the Indian government currently announced and will try to overcome the corona virus pandemic problem that is currently sweeping India to overcome the current situation.

As far as I know, various actions have been taken by India, ranging from strengthening food security, health to positive impact areas, extending the time to pay taxes so as to economic assistance for the poor, is it not an action that the government of India is responsible for its people in overcoming the current pandemic problem in india.

Many things that have been done at this time by the government of india steps against a pandemic economy including protecting companies during a pandemic from minimizing imports, all that is produced domestically will be expensive and also change all foreign investment policy rules to increase local investors during the pandemic, is this not enough for the people of India that have been done by the local government.
I think this is a wise thing to do there by India to overcome the economy in India, during this pandemic.

[Haunebu]

when talking about which countries are most affected by corona, then I say the US is suffering the most.  Indian government must impose "NEW NORMAL" which will soon be done by many countries because 'LOCKDOWN "is not an effective policy for the second-most populous country in the world after China.

If there was an alternate solution, the world governments would have already adopted it, but lockdown is the only effective solution which is why it is still a necessity currently.

will it mean that in a country like India, there will be a more healthy cryptocurrency market or will the current economic meltdown be hampering the industry's growth and prospects?

The Supreme Court decision that countered the RBI decision recently already helped create a healthy cryptocurrency market in India at present.

Also, the current economic crisis has already impacted the industry in a negative way which is why both your statements are true.

[Latviand]

when talking about which countries are most affected by corona, then I say the US is suffering the most.  Indian government must impose "NEW NORMAL" which will soon be done by many countries because 'LOCKDOWN "is not an effective policy for the second-most populous country in the world after China.

If there was an alternate solution, the world governments would have already adopted it, but lockdown is the only effective solution which is why it is still a necessity currently.

US really suffered the most in terms of the economy and financial status, they are not prepared and the spread of the virus in their country is extremely fast. No one is expecting that this virus will strike almost all of the countries around the world. Even India, which is the 2nd largest population are having a hard time controlling the virus in their country.

They should really follow the LOCKDOWN and the rules and regulation that are enclosed to it. People should become more disciplined so that the government will become less pressure in supporting its community and the people who are relying on them. The world governments should help each other recover and grow, they should support each other to survive this pandemic and lessen the intensity that it brings to us.

[plvbob0070]

Almost all countries are affected by this virus, what more in India since it has the most number of cases of COVID-19 in Asia, and it's really affecting the country's economy.  Most countries with high cases are also struggling with unemployment due to the lockdown and closing of businesses. But as far as I have seen, even when most businesses are closed, cases are still increasing so it means that it's not enough to deal with the pandemic.

After months of lockdown, some businesses are now starting to reopen to get back what they have lost which is we are still not sure if it will be a good idea or not. They are reopening businesses since the longer most businesses are not functioning, the economy might crash. But there is still a risk that once most businesses are opened, cases might increase more. We also have to adapt to the new normal while COVID is still there and wait until the vaccine is available to fully recover from all of the losses.

[Alert31]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Not only India ,but almost all countries are affected with this covid19 pandemic,and even those with few numbers of affected is now struggling with their economy,specially those country with more affected are more struggling in their economic status. Many are unemployed due to covid19 and every city,and barangay are implementing lockdown and there are limited transportation. This is a very difficult situation not only in India but to all of us. Hoping and praying that this pandemic will end because end of this year and those experts can find a cure for this virus.

[abhiseshakana]

I do not really understand the condition of the Indian economy, it's just that news circulating in my country, including India which is predicted to still grow in this pandemic by many world financial institutions. The impact of the pandemic made many countries combine handling policies and large economic stimulus. This is caused by the escalation of its spread which also affects the economic growth of a country.

The current global uncertainty is difficult to guess. The challenges faced are new, but dynamic global conditions often have different effects on other countries. The impact of the Coronavirus needs to be thoroughly assessed and solved so as not to have a worse impact on the Indian economy. The steps generally taken by all countries comprise fiscal instruments whether they provide tax incentives or tax breaks. Then provide additional spending generally in the field of health and social assistance, and also helps the business world, including protecting the financial system so that it does not experience a potential crisis.

A number of major countries in the world economy are also cohesive. The United States recorded Q1 2020 economic growth of -4.8%. While the European region also recorded Q1 2020 economic growth of -3.8%. Even China experienced a downturn in Q1 2020 economic growth of -6.8%. Global economic growth is predicted to contract. A high level of uncertainty indicates that there is still a downside risk to the projections.

At the end of 2019, India released a report of economic growth slowing due to global uncertainty. India's economic growth in the third quarter of 2019 recorded only 4.5 percent. Whereas in the previous quarter, the Indian economy still recorded growth of five percent. Economic growth in India even continues to decline when compared with previous years.

The so-called rational people usually try to calculate the uncertainty of past patterns, and made trends and then little forecasts to be the basis for the government to make decisions. Today we believe that the projections are like this, then tomorrow something happens that changes completely.

[Haunebu]

At the end of 2019, India released a report of economic growth slowing due to global uncertainty. India's economic growth in the third quarter of 2019 recorded only 4.5 percent. Whereas in the previous quarter, the Indian economy still recorded growth of five percent. Economic growth in India even continues to decline when compared with previous years.

The Indian economy has been on a downtrend ever since BJP took over based on my research. Corona just made things a whole lot worse.

Unemployment rates are very high and the lockdown has clearly been ineffective since India is currently the 5th worst affected country and will probably reach the 4th position at this pace pretty quickly overtaking UK.

I feel that India needs a better leader basically to overcome future obstacles. Poor handling of this crisis, Demonetization, GST etc prove that a change is essential in my opinion.

[bocyaj]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Not only India ,but almost all countries are affected with this covid19 pandemic,and even those with few numbers of affected is now struggling with their economy,specially those country with more affected are more struggling in their economic status. Many are unemployed due to covid19 and every city,and barangay are implementing lockdown and there are limited transportation. This is a very difficult situation not only in India but to all of us. Hoping and praying that this pandemic will end because end of this year and those experts can find a cure for this virus.

Covid-19 not only had impact on Indian economy,it had impact all over the world.We don't know what will happen after this corona ,it may give positive impact by the more and more demand or negative impact too.Because the saving was used by people for their basic needs .

[avikz]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

India has been impacted big by Covid induced lockdow. Many people lost their jobs due to this action by the government and now the government has no plan to bring back the economy on track. Instead of reducing taxes and other burdens, the government has just made loans a little cheaper. But with current business outlook, industries are not willing to take more loans because there no guarantee for their product demand.

There's only two ways to come out of this situation -
1. Limit imports and produce internally
2. Stop using foreign made goods and services

This are the only ways which may help Indian economy to survive. This is the first time I agree to Modi's "Aatmanirbhar Bharat".

[Vishnu.Reang]

Being an Indian, I would say that right now people have only noticed the tip of the iceberg. A massive economic collapse may happen during the next 12 months and the authorities are not prepared for it. Tens of millions of people have lost their jobs. Huge number of laborers have gone back to their villages, and as a result the infrastructure projects have been stalled. Many of the ordinary people are using up their savings and it is not going to last for long. Unless some miracle happens in the next 2-3 months, I am expecting an economic and social meltdown.

[NavI_027]

I feel you bro, I'm sure that most of the countries feel the same thing. Here in our country, our economy is falling and the worse news is that our country's debt to P9.59T as of May . But on the brighter side, fortunately for us that our government already decided to lift ECQ from few province/areas and shift to GCQ where you can move more freely. Essential establishments are now open and manpower is moving already as well. Though there are problems with regards to public transportation due to social distancing protocol but at least we are now slowly going back to normal (or let's say new normal). That's the most important thing right now.

[yohananaomi]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

It is natural that as a country with a large enough population and a country that is in the position of developing countries, the impact of the pandemic will be felt. foreign exchange reserves must be issued to meet the needs of purchasing medical devices which are also increasingly difficult to obtain because almost all countries in the world also need medical devices as well.
without the help of donations from large countries and of course loan assistance from the IMF it is certain that many obstacles will be experienced. it is feared that there will be a new pandemic namely hunger due to the inability to fulfill the necessities of life.

I hope the pandemic will pass quickly and all countries can rebuild the economy, and so will India.

[MCobian]

All countries are affected by the COVID19 pandemic, not just the Indian economy. Therefore the government must act immediately
by making various policies to deal with this COVID19. So the economy can recover soon, there are some policies that need to be done
immediately. Such as providing stimulus in the form of direct assistance to the community, providing education for the community to be
able to produce money from home and provide loans for venture capital with low interest.

[elisabetheva]

All countries are affected by the COVID19 pandemic, not just the Indian economy. Therefore the government must act immediately
by making various policies to deal with this COVID19. So the economy can recover soon, there are some policies that need to be done
immediately. Such as providing stimulus in the form of direct assistance to the community, providing education for the community to be
able to produce money from home and provide loans for venture capital with low interest.

It is true what you say that not only is the Indian state affected by the covid pandemic 19, but almost all countries in the world are no exception to developed countries in the economy. but the effects that occur in each country will certainly be different, if India as a developing country is certainly very influential. it is clear that the state must provide assistance to its people who are plagued by financial difficulties for many reasons, otherwise something worse will happen than the pandemic itself.

but there are limits to the state to be able to help and make people able to accept the situation because of a pandemic, if protracted it can be certain that foreign exchange reserves will be eroded and the economy will make the country experience prolonged difficulties. medicine and vaccines are alternatives so that all problems can return to normal, but how long will it be.
 

[Sanugarid]

I feel you bro, I'm sure that most of the countries feel the same thing. Here in our country, our economy is falling and the worse news is that our country's debt to P9.59T as of May

I guess we're on the same country kabayan  Well for me there is nothing wrong to loan from the world bank or other monetary sources coz we really need it right now, I'll be afraid if the government loaned even when there is no pandemic coz basically our economy is soaring high for the past 3 years.

. But on the brighter side, fortunately for us that our government already decided to lift ECQ from few province/areas and shift to GCQ where you can move more freely. Essential establishments are now open and manpower is moving already as well.

Regarding the quarantine, we are now on General Community Quarantine however the things is getting worse as I would imagine and the government is warning us to lift the Enhanced Community Quarantine again for 2 weeks. These things were meant to happen as they are trying to reopen the economy.

Though there are problems with regards to public transportation due to social distancing protocol but at least we are now slowly going back to normal (or let's say new normal). That's the most important thing right now.

I agree, there are some conflict with public transportation since they open almost 50% of the jobs they should have made the public transportation more accessible.

[abhiseshakana]

The Indian economy has been on a downtrend ever since BJP took over based on my research. Corona just made things a whole lot worse.

Unemployment rates are very high and the lockdown has clearly been ineffective since India is currently the 5th worst affected country and will probably reach the 4th position at this pace pretty quickly overtaking UK.

I feel that India needs a better leader basically to overcome future obstacles. Poor handling of this crisis, Demonetization, GST etc prove that a change is essential in my opinion.

Why do you come to have thoughts like this? Corona pandemic is something different that in the modern world has never happened. And almost all countries are not ready to face this, so they make mistakes in crisis management. This leadership problem is also related to the ideology of the country adopted and the way leaders resolve crises. Many argue that socialism and authoritarian governance systems are more effective in stemming and fending off corona compared to democratic countries. And there is no guarantee that replacing the regime will change the situation for the better.

[hahay]

All countries are affected by the COVID19 pandemic, not just the Indian economy. Therefore the government must act immediately
by making various policies to deal with this COVID19. So the economy can recover soon, there are some policies that need to be done
immediately. Such as providing stimulus in the form of direct assistance to the community, providing education for the community to be
able to produce money from home and provide loans for venture capital with low interest.

It is true what you say that not only is the Indian state affected by the covid pandemic 19, but almost all countries in the world are no exception to developed countries in the economy. but the effects that occur in each country will certainly be different, if India as a developing country is certainly very influential. it is clear that the state must provide assistance to its people who are plagued by financial difficulties for many reasons, otherwise something worse will happen than the pandemic itself.

but there are limits to the state to be able to help and make people able to accept the situation because of a pandemic, if protracted it can be certain that foreign exchange reserves will be eroded and the economy will make the country experience prolonged difficulties. medicine and vaccines are alternatives so that all problems can return to normal, but how long will it be.

During times of crisis or difficult times because of the pandemic at least aid is not only done by the government, because in addition to the government there are still many institutions that open donations which of course with many movements of any institution that open or make donations like that will reduce the burden on the state and the government to provide direct assistance to the people. These adverse effects will surely occur but to restore the economy even now at least many of the industries have returned to work or work so that this problem will eventually end and the economy will definitely recover.

[carlfebz2]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Covid pandemic doesnt only give out impact  on several countries like India.This is a world wide problem and in talks of economy then you can definitely say that most of countries do really have that hard time.

Business are on hold basically means that theres no work. No generation of income and other sources that will produce out tax which is crucial when it comes to economic state.

If this situation would last up for more months and vaccine isnt available yet then expect that we would even see the worst case scenario.

[Vishnu.Reang]

Why do you come to have thoughts like this? Corona pandemic is something different that in the modern world has never happened. And almost all countries are not ready to face this, so they make mistakes in crisis management. This leadership problem is also related to the ideology of the country adopted and the way leaders resolve crises. Many argue that socialism and authoritarian governance systems are more effective in stemming and fending off corona compared to democratic countries. And there is no guarantee that replacing the regime will change the situation for the better.

Well.. this is true. I am not completely satisfied with the effort from the government, but still I don't want to blame them. This is an unprecedented crisis, and I believe that the authorities don't have much room for manoeuvre. In my case, the central government as well as the state government is run by the same party (I am currently residing in the state of Tripura), and I am somewhat satisfied with their performance so far.

[reliable]

It is going to be bad for the world economy as once the industries slowly start, we will know the real issues. Also, the workers who has left for their hometown would may not come back so shortage of labourers will be another issue.
Also, the cases are rising and will continue to rise with opening of economy means hospitals would face a major issue and this will create chaos across the country.

[Haunebu]

Many argue that socialism and authoritarian governance systems are more effective in stemming and fending off corona compared to democratic countries. And there is no guarantee that replacing the regime will change the situation for the better.

It is true that a regime change won't guarantee that things will be better, but chances are high that they would be better. The leader of India implemented a lockdown without proper planning due to which a ton of migrants suffered.

No matter how bad the situation is, proper planning could have eased the situation, but he made it worse and that is a fact. The Indian government is currently fumbling due to the drastic rise in cases.

On the other hand, China has a higher population count when compared to them and still managed to control the virus cases though they did fake their numbers.

The Australian and NZ governments also handled the situation splendidly. This just goes to show how the state of the current Indian government and why a change in my opinion is essential in the near future.

[Fredomago]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Not so different from our country mate and i believe that according to news worldwide that this same effect happens to almost all the affected countries in the world so Let help the government mate,instead of asking for help let us make our part to bring the economy grow again,i don't know how you will do that but Find the way.

What i am doing is we are keeping the budget a little small now,and closing our belts to ha smaller stomach to fed.

[Findingnemo]

I don't think 12 months are not enough for their recovery because I recently read a thread about Indian government managing this pandemic, they are not really helping the consumers they are only giving loans to manufacturers so when people have no money there will be no demand for the products and also they will keep increasing the taxes which is going to be the burden again to the business and people.

[RealMalatesta]

Every nation in the world got affected from this, of course India did as well but look at even the most advanced nations that we all know to be huge economies, even they got affected. It all started with China obviously because they were the manufacturing place for the whole world and now they are not doing so well, many factories are either closed or even totally got out from China to be somewhere else.

They are the biggest economy that got hurt from this, and from USA to Europe the big countries all got affected and their economies are not doing well at all. At the end of the day we are not going to see any nation coming out of this without any harm at all, we all have to figure out a way to insure our economy against stuff like this because crashes always happens and it always destroys us since we have no insurance.

[darewaller]

They, India, are not the only country that its economy has been backsliding. It’s the same with lots of countries around the world. Same thing you have mentioned here about companies looking for ways to reduce manpower is happening in other countries.

A bank in my country said earlier last month that they are looking to remove about one thousand five hundred of their employees. Lots of people are not happy with what’s happening since the pandemic started. It’s just with time, a lot of things will start to bounce back to their normal state and in better situation. But honestly for that lots of more time must be needed. So, just keeping the faith on God and doing all our responsibility then that alone would be more than enough.

[Nathanz]

Yes, I agree with this. Most of the country that faces huge problem when it comes to economy are those third world countries. They become poorer because of the pandemic.

[STT]

It might seem a little cold to say so but the majority of India is aged under 30, the natural risk to this population on average is not equal to the risk of many aged western populations which may have an average age of over double that.   I think India could even continue to grow during this period and surprise some, its a developing nation still and the path it takes in development is probably still the overriding point to success or failure going forward.

Huge number of laborers have gone back to their villages

I never thought of India as a great exporter in the way China became, its an epic nation that has alot of demand internally that I assume occurs between regions.    India imports alot of oil for example, it lacks the energy resources some countries have to their benefit so this lower oil price is some positive to them.

[fiulpro]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

0.2% in the Papers .
One should try and visit any village , go to even a middle class family and ask them how they are doing. Only the government employees are getting their salary, rest people in the private sector are being fired .

People are roaming around looking for a new job ! When there is none. The companies are into big loss and people are taking money from the rich people.

Medical studies needs a practical aspect too , unfortunately I know a guy in the final year who still didn't had the opportunity to learn how to give an injection. The government thinks Quarantine is good , situation is different , Quarantine is making life hell for most people.

They should have done something like :
1 person from the family is allowed to work and free masks would be provided for the same and sanitizers too

I do think one should understand that there are countries which personally called people to make sure they are at home , they gave them sanitizers and masks . Now they don't have any cases since days .

I do think that the pandemic showed us how the government can handle such situations. We need an economic and governmental reset . Most countries does .

The reality is :
The mask that you purchase for 20-40 inr each , is made for 0.50 inr each.
The workers are paid nothing!!

[wxxyrqa]

Indeed, according to official statements by the Government of India, almost all processing plants are in very poor condition due to the coronavirus and have the worst income indicators in the last ten years. accordingly, urban dwellers, whose life was already below the poverty line so far, are in an even worse situation. But if nevertheless returned to the conversation about the Indian economy, it is worth noting the fact that agriculture still managed to show almost 6% growth in agricultural production.

[Harriti]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

This is unfortunate for India. All businesses seem to be closing and preparing for a difficult year. This corona virus is an economical virus and it is very contagious. we can only accept pandemics and have the best sense of prevention against it. Staying home and washing your hands often will be the best way to fight the epidemic and prevent it from spreading to more countries. hope that everyone will join hands to combat the covid epidemic so that the economy can return to normal activities.

[bangshopping-5c1e8a]

CoVID-19 impact on the Economy all over the world, but we still need do something to make things better
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[bitbunnny]

COVD pandemic left consequences on world economies in general but poor and underdeveloped countries are especialy affected.
Unfortunately, India is among them and many people there  found themselves in extreme hard conditions.
It's a country that even before that had big problem with hungry people and I saw in the news that after pandemic about extra 2 million people might suffer from starvation. That are huge, terrible numbers and I don't see how countries like India could solve that problem.without external help.

[AniviaBtc]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

This is unfortunate for India. All businesses seem to be closing and preparing for a difficult year. This corona virus is an economical virus and it is very contagious. we can only accept pandemics and have the best sense of prevention against it. Staying home and washing your hands often will be the best way to fight the epidemic and prevent it from spreading to more countries. hope that everyone will join hands to combat the covid epidemic so that the economy can return to normal activities.

We all know that India is the 2nd largest population in the world, but they are not that a well-developed. They are called "lower-middle income country/South Asia", although they have a lot of business public or private they are still one of those developing countries.

SOURCE:
https://economictimes.indiatimes.com/news/economy/indicators/world-bank-to-change-classification-of-countries-india-will-now-be-called-lower-middle-income/articleshow/52512636.cms

The Covid-19 in their country is spreading really fast because of those stubborn citizens. Hopefully, they can make their community well disciplined so that the cases can be lessen and by that, they can now take some actions related to their economy just like making a "new normal" where they can open businesses but only for limited time and customers.

[Rengga Jati]

..snip..

First, COVID-19 is a global problem and it is faced by almost all countries in the world. It gives impacts to all countries, not only in India.
Second, the impacts of COVID-19 are not only for the health sector, but it has been increasingly expanding to various other sectors such as economic and financial sectors, industry, mental health and psychology, education, activities, and various other sectors. It can be said that this makes a global crisis.

We can see the chart below that reflects the impact of Covid-19 on the recession of advanced economics in several big countries, moreover in the developing countries. It will give bigger impacts on society and moreover about the economic crisis.



The decline as shown on the chart is considered worse than what happen in the world since the 1930s. Although probably there are still positive impacts of this pandemic, the negative is more than it.

Source:
https://www.bbc.co.uk/news/business-51706225

[raidarksword]

I must admit that covid-19 really took a big hit on our economy, not just in India but the world economy itself are suffering and it's a lesson learn to very countries to make a bold action so that this will not happened again.  Third world countries are most at risk to this pandemic as it's really hard to recover to all losses especially to their medical sectors that should be given the priorities to fight and defeat covid-19 as quick as possible.  We can heal as one nation and help each other to overcome this unseen enemy for us to withstand the adversaries that covid-19 brought to the world.

[finaleshot2016]

I must admit that covid-19 really took a big hit on our economy, not just in India but the world economy itself are suffering and it's a lesson learn to very countries to make a bold action so that this will not happened again.  Third world countries are most at risk to this pandemic as it's really hard to recover to all losses especially to their medical sectors that should be given the priorities to fight and defeat covid-19 as quick as possible.  We can heal as one nation and help each other to overcome this unseen enemy for us to withstand the adversaries that covid-19 brought to the world.

Yeah, not only India, COVID-19 really hit the economy of all the countries especially the 3rd world country. Our economy is already down right now and has a lot of problems. Our lawmakers right now are making some non-sense bills that are not very reliable during the health crisis. I really like how some countries like Taiwan and Vietnam handled the health crisis and now have 0 confirmed cases. Our country has a lot of debts right now and I don't know how they will pay those and obviously we're the one, taxpayers, who'll pay it.

[btc78]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Actually this is very sudden not only in India but also in some Asian countries mate,In our country we are in the same situation now in the effect of COVID19

Some of my Friends had lost their jobs and the hard part is they have no funds to start with because of all the expenses they have from the pandemic and now they are struggling to live a life that far from their former life.

Hope India and my country will recover from this Burden.

[chrisculanag]

The impact of covid19 in my country is big struggle because like other countries also india people's are jobless and there's a little open establishment operated . The only thing that can do is make a small farm in my backyard and plants some vegetables and wait for harvesting as my save food because i also jobless and i need to find a extra income in online. Someday India and all countries affected of this pandemic will be recover soon.

[bobitza]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

The Covid-19 epidemic affects not only India's economy but also the entire world economy. But now in India the epidemic situation is complicated. The number of infected cases increased sharply. The economy of this country will be reduced, people's lives will be miserable! As the economy is poor and unemployment rises, India's growth forecast is expected to fall to its lowest level in 30 years.

[AakZaki]

~snip~
The decline as shown on the chart is considered worse than what happen in the world since the 1930s. Although probably there are still positive impacts of this pandemic, the negative is more than it.

Source:
https://www.bbc.co.uk/news/business-51706225

The positive impact that I felt during this pandemic was only the time I had, more time for my family and staying at home. exchange ideas in the living room with people at home.

But the negative impacts are certainly more numerous and make all people around the world affected. Many companies that do mass layoffs, companies closed and can not live normally as the world before the pandemic occurred. The economic crisis is a problem for all countries and indeed it is not only India.

The government really has to handle the pandemic completely so that this pandemic ends soon, quarantine and treat people who are positively exposed to the corona virus to break this evil corona virus.

[shoreno]

~snip~
The decline as shown on the chart is considered worse than what happen in the world since the 1930s. Although probably there are still positive impacts of this pandemic, the negative is more than it.

Source:
https://www.bbc.co.uk/news/business-51706225

The positive impact that I felt during this pandemic was only the time I had, more time for my family and staying at home. exchange ideas in the living room with people at home.

But the negative impacts are certainly more numerous and make all people around the world affected. Many companies that do mass layoffs, companies closed and can not live normally as the world before the pandemic occurred. The economic crisis is a problem for all countries and indeed it is not only India.

The government really has to handle the pandemic completely so that this pandemic ends soon, quarantine and treat people who are positively exposed to the corona virus to break this evil corona virus.

sorry but you sounded like your one of those who demand for the governments  . there are others that are worster because they blame all problems to the government  .   government can only help supply some goods and money but government dont have the power to stop the covid but that is already the people turn or the individuals turn if how can they protect them selves in order to not get caught by the virus   . anyway  , poorer countries like india are the one can be affected by this virus the most  , we shall give our support to them if we have any

[Fredomago]

CoVID-19 impact on the Economy all over the world, but we still need do something to make things better
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Look how stupid people now creating account and going to Hijack other threads just to promote their Blogs or sites?
get out of here stop this work and create your own thread.

COVD pandemic left consequences on world economies in general but poor and underdeveloped countries are especialy affected.
Unfortunately, India is among them and many people there  found themselves in extreme hard conditions.
It's a country that even before that had big problem with hungry people and I saw in the news that after pandemic about extra 2 million people might suffer from starvation. That are huge, terrible numbers and I don't see how countries like India could solve that problem.without external help.

Thats the sad part and not only India but almost whole world are deep into this,so lets be productive to help our self and the government.

[Lorence.xD]

I must admit that covid-19 really took a big hit on our economy, not just in India but the world economy itself are suffering and it's a lesson learn to very countries to make a bold action so that this will not happened again.  Third world countries are most at risk to this pandemic as it's really hard to recover to all losses especially to their medical sectors that should be given the priorities to fight and defeat covid-19 as quick as possible.  We can heal as one nation and help each other to overcome this unseen enemy for us to withstand the adversaries that covid-19 brought to the world.

The impact of economy varies from country to country, from what I can deduce, the impact only differs from how a country's preparation in this unexpected time of pandemic, my country was hit really hard and the government here are prioritizing different policy instead of the welfare of most people. I agree that third world countries are at risk, they are the most vulnerable not just to the pandemic but also to the political maneuvers that a superpower may benefit, this donations that came from this country are not out there out of sincerity, this donations are a bridge to ulterior motive.

[Wayan_Pedjeng]

Here in Indonesia also, the economy is in tatters, and therefore I don't expect nations such as India to do much better. Even developed nations such as Italy and Spain have gone to recession as a result of this pandemic. At this point, how the third world nations such as India and Indonesia are going to perform any better? And the worst part is that the peak is yet to come.

[Haunebu]

sorry but you sounded like your one of those who demand for the governments  . there are others that are worster because they blame all problems to the government  .   poorer countries like india are the one can be affected by this virus the most  , we shall give our support to them if we have any

AakZaki is right. Incompetent governments deserve to be blamed. Poor India? 3rd world country does not automatically imply that the country is poor. Do your research.

Even developed nations such as Italy and Spain have gone to recession as a result of this pandemic. At this point, how the third world nations such as India and Indonesia are going to perform any better? And the worst part is that the peak is yet to come.

I guess you have no idea regarding the financial situation of Italy and Spain pre-COVID. Both these countries are developed, but they have been struggling with debts piling up for sometime now. Countries like India are in a better position in comparison.

[Majharul Saiif]

Not just India is facing it. All the countries of the world is facing this economic crisis in this lockdown period during this pandemic. Nothing to do. China is going well though and it seems they already recovered. But rest of the countries of the world can't do this and also sufferings a lot. Like USA is also facing serious problem in this time.

[Cling18]

We're also experiencing the same thing here in our country. Lots of huge businesses filed bankruptcy due to covid-19 while some companies are trying to survive their businesses amid the pandemic. Some establishments still needs to operate though most of their employees' lives would be at risk because we have to survive our economy as well.

[Janation]

Countries that are affected by the pandemic will also be experiencing those as well.

Not just India and not just Indians. People died in our country and we are also affected by the pandemic as well. People doesn't have a choice but to make their ways to find a source of income taking advantage of the internet. Taking their jobs or work at their homes and online. If we will be talking, it should be the world's economy.

[$crypto$]

Countries that are affected by the pandemic will also be experiencing those as well.

Not just India and not just Indians. People died in our country and we are also affected by the pandemic as well. People doesn't have a choice but to make their ways to find a source of income taking advantage of the internet. Taking their jobs or work at their homes and online. If we will be talking, it should be the world's economy.

We have to rack my brains to take advantage of situations like this, this pandemic has been going on for months, but I think the internet can still be relied on by trading online and with this forum there are still many benefits, but here I always trade in my extra income because of his work. can no longer be relied on and there are still some companies that are still closed so I am more into other professions.

[TheGreatPython]

I am not going to lie, from all around the world India was seen as a place that is too crowded, and statistics shows that they are too crowded as well, combine that with not being a huge wealthy world leading nation, you have a lot of (and I mean A LOT, like a billion) poor people. That is at least how it looks, someone that knows it better can enlighten me if they know any better.

Looking at their stats and how their nations are doing, I would have expected a lot worse, in my country things are a lot worse than India as well, not just pandemic and death which is still worse but also economically as well. India had all the risks of having millions of people dying with all those crowded places and people who are so close to each other and a lot of poor people, they could have been so so much worse.

[CHENIEN]

technically if Indian people has been followed by the correct process of  the new law against covid-19 which is impacted  their economy i think they are all free now although almost all citizens are hard headed and besides this virus is new in historical records with limited cure in a globe,So meaning we need to beware and i guess Indian countries survive their financial crisis soon.

[lepbagong]

technically if Indian people has been followed by the correct process of  the new law against covid-19 which is impacted  their economy i think they are all free now although almost all citizens are hard headed and besides this virus is new in historical records with limited cure in a globe,So meaning we need to beware and i guess Indian countries survive their financial crisis soon.

after all, almost all developing countries have had an impact on the corona pandemic, and I'm sure so too with India, where population levels are large enough and not easy to regulate so people can obey the rules. plus the difficulty of getting health aids such as masks, vitamins which are hard to get even if there is quite expensive. obviously will greatly affect.
It must be remembered that the current pandemic is not eliminating but reducing or breaking the chain from the sick to the healthy. high discipline is needed because there could be a more powerful pandemic aftershocks.

very sure that drugs and vaccines cannot be found and used immediately, then India will experience an economic crisis as well, maybe with other developing countries.
because restrictions will be tightened which will significantly reduce foreign exchange earnings. and foreign exchange reserves are used for handling the Pandemic.

[Rono]

India is not only on these circumstances of economy falls.In this time we see lot of breakdown for all sectors.Every country now in bad economic rate it has been wrost than 2008 and 2009.There is many report shown that it takes two or three years to recover.Whole world are facing this pandemic situation.Good news is eight country is now free for the virus.When vaccine will work it can go forever.All countries can be free for this breathtaking moment.

[Negotiation]

It's not even clear if this is right or wrong.

It is true that COVID-19 has affected the economy of the country but it has affected the economy of all the countries of the world not only in the case of India But now India has come under a lot of control. They have opened up everything in their country The Modi government has brought everything under control as soon as COVID-19 has affected the Indian economy.

[culuuton]

It's not even clear if this is right or wrong.

It is true that COVID-19 has affected the economy of the country but it has affected the economy of all the countries of the world not only in the case of India But now India has come under a lot of control. They have opened up everything in their country The Modi government has brought everything under control as soon as COVID-19 has affected the Indian economy.

Covid affects the whole world, this is for sure. It is not only India but also other countries that are suffering very serious consequences, in my country they control the epidemic very successfully but the unemployment rate is still increasing significantly.

[ethereumhunter]

It's not even clear if this is right or wrong.

It is true that COVID-19 has affected the economy of the country but it has affected the economy of all the countries of the world not only in the case of India But now India has come under a lot of control. They have opened up everything in their country The Modi government has brought everything under control as soon as COVID-19 has affected the Indian economy.

Covid affects the whole world, this is for sure. It is not only India but also other countries that are suffering very serious consequences, in my country they control the epidemic very successfully but the unemployment rate is still increasing significantly.

And right now, while the pandemic still not going to end, many countries try to the new normal which allow local store, traditional market, and else to run their business. But they suggest a strict rule for buyers and sellers, and if they don't follow the rule, they will not allow opening their store, and even they can get bills. I think that is happening in many countries, and if in one country, the infected people are in a big number, the government will use other protocols to protect their citizens.

[bearexin]

Yeah, going outside is not even an option anymore, the economy can't sustain in any nation at all if you keep people at home forever, you have to eventually let them go outside and run their business or the economy would be bankrupted and every nation would be like Zimbabwe trying to print money to pay debt of every citizen to keep them alive and the more they print the more things will cost and the more it costs the more they will need to print.

So at one point, they need to let everyone go outside and work in order to earn their own money. Of course this came with rules, rules about masks, rules about distances, rules about working hours and working methods.

Basically it is not all over yet, it is not suddenly sunshines and rainbows, it is still a danger, but with enough precautions we will get this over with eventually.

[suvo05]

It obviously will have an short term impact on the economy but, as the major part of the Indian economy depends on unorganized business and agriculture, the impact will not major one. Lots of manufacturing companies are also trying to get rid of the extra dependency on China, they are aiming to open manufacturing units in India. Now India has to take those opportunity

[abhiseshakana]

It is true that a regime change won't guarantee that things will be better, but chances are high that they would be better. The leader of India implemented a lockdown without proper planning due to which a ton of migrants suffered.

No matter how bad the situation is, proper planning could have eased the situation, but he made it worse and that is a fact. The Indian government is currently fumbling due to the drastic rise in cases.

It would be very difficult to make proper planning because there is only choose the best of all the bad choices. The Indian economy has contracted in Q3 and Q4 due to the US trade war with China and the elimination of India as a recipient of the US Generalized Preference System facility. Structural problems in the Indian economy in the industrial agriculture and services sector as well as improvements in the financial sector which caused a decrease in liquidity availability also haunted before the pandemic. India is included in a fragile country because of the current account deficit. So the uncertainty of the government in taking policies related to the pandemic is economic considerations and the worst of India is inadequate health facilities in some areas.

What surprised me from the Indian government in overcoming the pandemic was the non-use of the technology sector which, in my opinion, is one of the plus points of India. Either because they feel China as a rival so they do not want to imitate China. China combines leadership + management + technology + money printing to successfully stem a pandemic. India has technology but is not used against corona. In management, I think Modi is quite skilled as she proves she rejects Chinese OBOR and approaches America but also rejects the involvement of Indian military attacks in the South China Sea. So the main factor that made India as successful as China to stem the pandemic was that Indian ammunition was not as big as China. Will India follow China's lead in printing money?

[WitKohler]

I do not think that countries that suffer from overpopulation will suffer from the restoration of normalcy.
If India manages to reopen the economy and control the pandemic, it will return quickly.
The problem is if India is unable to control the pandemic or is forced to re-close the economy once again.
we may witness the death of many people and the loss of many jobs.

[Oneandpure]

Not only Indian but also all country around the world got impact with covid 19, right now many institution try looking for new way how to stop covid 19 and bring back normal activity, World Healthy Organization still not getting way how to stop covid 19 and make many country will get economic bad and look trash until today.

[Kulkhan]

Covid-19 Already impact on Indian Economi,  I think Covid-19 Impact Not Only Indian Economy It Also Impact World Economy. But India is a Big Country so India will Fall Big Economic Crisis. And i think This Crisis Will For Long Time.       

[shoreno]

Covid-19 Already impact on Indian Economi,  I think Covid-19 Impact Not Only Indian Economy It Also Impact World Economy. But India is a Big Country so India will Fall Big Economic Crisis. And i think This Crisis Will For Long Time.       

that is the reason why op is more concern on india than on other countries due to thier population and also on the state of thier life  . while other countries has a big population too like china for example but china can recover fast and it did already happen due to thier advancement in the economy . aside from india , africa is also the other country that pops on my mind when it comes to fatal crisis like covid but thankfully some of our fellow bitcointalk members are doing a move to help them .

[Alert31]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die. But as with economic adversities of the past new industries will emerge bringing with it renewed hope of recovery.covid is having a deep impact on Indian businesses over the coming month's jobs are at high risk because firms are looking for some reduction in manpower.Indian economy that was visible towards the end of 2019 and early 2020 The revised Gdp estimates for India downwards by 0.2 percentage in year its big down fall.

Not only India is now suffering from this pandemic. Every affected country are now having a worst situation especially in economic status of the country. In our country,government implement a new normal just to run the economy and to recover litle by litle. The unemployment rate of the country getting higher because most business establishment is either closed or layoff their current staff. Our hope to go back to normal is only if there will be a cure for this virus.

[yohananaomi]

Not only Indian but also all country around the world got impact with covid 19, right now many institution try looking for new way how to stop covid 19 and bring back normal activity, World Healthy Organization still not getting way how to stop covid 19 and make many country will get economic bad and look trash until today.

agree, that India is indeed quite high population and poverty rates are also the same. but not only is India affected because of this pandemic, even developed countries will also feel the impact of the pandemic. as long as it hasn't been able to stop this pandemic, of course all countries in the world will still be affected. for developed countries with high foreign exchange reserves may be able to overcome but not with developing countries and poor. can be sure to be very large. what is most feared might be a new outbreak of hunger in a poor country.

[STT]

elimination of India as a recipient of the US Generalized Preference System facility

India hardly seems too rich though it could be great and some sections might have money, it clearly has developed though at a much slower rate then China.    The main determiner of success for India is within its own country not in external support, its such a large nation that just sorting its own commerce better counts for alot in growth potential.    Covid should not have as large an impact on a nation so young on average across the population, I'm still optimistic they can continue to progress but the vital point I'm missing is how useful Modi and his policy will be to his country and people.

[abhiseshakana]

India hardly seems too rich though it could be great and some sections might have money, it clearly has developed though at a much slower rate then China.    The main determiner of success for India is within its own country not in external support, its such a large nation that just sorting its own commerce better counts for alot in growth potential.    Covid should not have as large an impact on a nation so young on average across the population, I'm still optimistic they can continue to progress but the vital point I'm missing is how useful Modi and his policy will be to his country and people.

In a few years, India will get a demographic bonus. Demographic bonuses can be both positive and negative depending on the government in its exploration. India faces a shortage of skilled labor, on the contrary, the number of unskilled labor is increasingly abundant. As a result, labor productivity is low, making India threatened to fail to take advantage of the demographic bonus.

To capture the momentum of Modi's demographic bonus, it must be capable and skillful to develop new jobs and promote rural development, especially infrastructure, roads, and dams, as well as the development of chemical, iron and steel industries that are needed by various industries. The technology-based education system has indeed been adopted by India for a long time but needs to provide its citizens with the knowledge and skills needed to develop the economy.

[perfect999]

Not only Indian but also all country around the world got impact with covid 19, right now many institution try looking for new way how to stop covid 19 and bring back normal activity, World Healthy Organization still not getting way how to stop covid 19 and make many country will get economic bad and look trash until today.

But we have to accept the fact that poor economic countries like India and their neighboring countries have been hit harder than other than other European countries because during the corona virus lockdown was one of the most important factor that could have stopped the virus from spreading but struggling economic countries had to force limited lockdowns because their countrymen will die of starvation if they do a complete lockdown because of the poor economic structure.

While economic giants like European countries haven't been into such a situation just yet because they have the power to feed their people even during the worst times and I heard US was giving some $2000 to every citizen in the situation per month which in Asian countries people don't earn that much normally. Not sure how true it is though if they are actually giving 2k to everyone.

[aiguy]

COVID-19 effects India too much as compare to other countries behind the reason is that much populations and not well economic level. through this pandemic lot of people became a jobless. it will take 5,6 years to recover again.

[royalfestus]

Yes, I agree with this. Most of the country that faces huge problem when it comes to economy are those third world countries. They become poorer because of the pandemic.

It should be true but in Africans showed different response to this disease, though we may not trust the data from there but the health facilities has not shown such pressure even the little facilities at their disposal. Activities has resumed in almost every part of the sector of the African continent with lower response to all health precaution laid down to contain the disease. If compared with Ebola casualties we can consider this to lesser. The economy there isnt that good and the pandemic wont be blamed there

[Yatsan]

Well, we can do really expect the great impact on the economic state of India at this time of pandemic that have been also facing struggle on putting up their economic status into stabilization just to save up not to be drowned by the negative effect of covid-19 pandemic which have been also the same scenario on the other neighboring countries which are also affected by the pandemic. Actually all countries are affected no matter how big or small the country is, and no matter how rich or poor the economy is. It would now be a matter of certain adjustments for India to survive this pandemic just like what the other small and poor countries have been doing which I am talking about the third world countries. It would be difficult of course to adjust with the new normal setup but if they will deeply be persistent on implementing certain health protocols under the new normal, they could adjust and let their economy functioning for the better good until this pandemic is over.

[bryant.coleman]

Yes, I agree with this. Most of the country that faces huge problem when it comes to economy are those third world countries. They become poorer because of the pandemic.

It should be true but in Africans showed different response to this disease, though we may not trust the data from there but the health facilities has not shown such pressure even the little facilities at their disposal. Activities has resumed in almost every part of the sector of the African continent with lower response to all health precaution laid down to contain the disease. If compared with Ebola casualties we can consider this to lesser. The economy there isnt that good and the pandemic wont be blamed there

The mortality rate was very low in most of the African nations. The same can't be said about the European and American countries. I am not sure about the exact reason, but I guess having a younger population and previous exposure to various flu pandemics helped to reduce the mortality in Africa. The same can be said about Pakistan, where the infection rates have fallen by almost 90%.

[Salauddin1994]

COVID-19 The main reason for the impact on the Indian economy is the overpopulation the impact of the virus is being felt due to the increase in population and inflation is bringing down the country's economy. The rate of economic growth can be reduced to one percent due to inflation. Tax collection will be reduced a lot. Don't hurt people's jobs the market will be hit because there is no buyer India's economy is shrinking as the tourism industry, aviation, and railways suffer.

[Tamim121]

Covid- 19 pandemic not only impact on the Indian Economy but also every country where Covid-19 case detected. In my country economy also get down for Civid-19. So many people lost their job. Poor people don't get food daily. This is so much pathetic.

[aiguy]

Not just India, economical regression is visible on many countries. I choose not to think of the road to recovery for countries because at it is, it looks gloomy, let no be carried away with some invests -peaceful protests, return of some spots behind closed doors- the pandemic has not all of a sudden vanished, building back the economy of countries putting in consideration how to go about even with the virus, is now time to structure economical plans that acknowledges the presence of the pandemic, we can't just keep Waiting endlessly for the virus to pass away, jobs are being lost not only in your country India but everywhere else.

yes you are right, the pandemic will not vanish suddenly, maybe it will take a long time, and there is a lot of chance to stay with us to us all time like influenza, yes there is possibility of make vaccine  for our  immunity boost up, the main thing is we should to do something, do stop at any place

[aiguy]

Covid- 19 pandemic not only impact on the Indian Economy but also every country where Covid-19 case detected. In my country economy also get down for Civid-19. So many people lost their job. Poor people don't get food daily. This is so much pathetic.

it's a truth that pandemic effect all over the world, not just in India, mainly its effect in south Asian countries, so they are suffering most as compare to other countries of the world, because of less economy

[nasipadang]

All countries have been severely affected by the Covid-19 pandemic, the reduction of workforce is due to several reasons and related to regulations and government circulars that limit and reduce crowds. In particular developing countries will definitely have a bigger impact on their economies during the pandemic, and there are also many sectors that are affected. Hopefully this virus will end quickly and all will be better for the next few months and years.

[bryant.coleman]

COVID-19 The main reason for the impact on the Indian economy is the overpopulation the impact of the virus is being felt due to the increase in population and inflation is bringing down the country's economy. The rate of economic growth can be reduced to one percent due to inflation. Tax collection will be reduced a lot. Don't hurt people's jobs the market will be hit because there is no buyer India's economy is shrinking as the tourism industry, aviation, and railways suffer.

Overpopulation is definitely the reason behind most of the problems faced by India. The current population stands at 1.4 billion and they are on course to overtake China as the most populous country in the world (and let's not forget the fact that the surface area of India is just around one-third of that of China). A few decades back, Sanjay Gandhi attempted to enforce family planning measures, but these were revoked as a result of public outcry.

[lepbagong]

quite concerned about the covid-19 pandemic that occurred in India, this morning I read in a famous newspaper in my country about it. that India's transmission rate has increased and has become the second largest in the world replacing Brazil. In fact, the most recent cases were 90,802 infected within 24 hours.

There are complaints from some doctors who are getting tired because they are on guard for 6 months but there is no level of decline, even many medical personnel are victims. If you have touched the infection to the forefront which is precisely what is needed to maintain health, of course you are very concerned and can be terrible.

It is clear that with the current situation, the Indian economy will certainly be disrupted because the government must prepare funds for countermeasures which are not small yet have to help people experiencing economic difficulties, of course.

As long as there are no drugs and vaccines, health protocols should be promoted.
- Must wear a mask
- Wash hands when finished touching any object outside the house.
- Avoiding community gatherings for a long time
- Always keep physical distance between people within safe limits
This must be done and there is no other alternative, if you want to reduce the continuous transmission.

I hope India can solve this well soon and can recover as before.

[kotajikikox]

quite concerned about the covid-19 pandemic that occurred in India, this morning I read in a famous newspaper in my country about it. that India's transmission rate has increased and has become the second largest in the world replacing Brazil. In fact, the most recent cases were 90,802 infected within 24 hours.

it incomparable mate because India is much Big in population compared to brazil,India has more than 1 billion population while brazil only has nearly 300 million.

so the chance of them becoming one of the highest infected is always there.

There are complaints from some doctors who are getting tired because they are on guard for 6 months but there is no level of decline, even many medical personnel are victims. If you have touched the infection to the forefront which is precisely what is needed to maintain health, of course you are very concerned and can be terrible.

If the People will not go and follow the government this will happen and much even worst soon.
they may take the position from USA for the most infected country in the world.

I hope India can solve this well soon and can recover as before.

Wea re all hopinh not only for India but for the whole world mate.

[ilovealtcoins]

India has the deepest decline in the major economies. The disease is on the rise in India due to its large population (about 1.3 billion people) and low health, housing, and living conditions. The disease is easy to develop and spread safely in the slums.
In 2020 the government will spend billions of dollars to bring the epidemic under control.
It seems that their ability to control the disease is still difficult, even though measures are being taken to prevent them.

[Janation]

All countries have been severely affected by the Covid-19 pandemic, the reduction of workforce is due to several reasons and related to regulations and government circulars that limit and reduce crowds. In particular developing countries will definitely have a bigger impact on their economies during the pandemic, and there are also many sectors that are affected. Hopefully this virus will end quickly and all will be better for the next few months and years.

What we need here now is the vaccine.

These countries are having a hard time controlling the situation, it may be the country or the citizen themselves but all we know is that the virus can't be stopped right now without the vaccine. India is under fire right now with a lot of cases, as far as I know, they already talked to Russia about the vaccine and what we need now is the time when will it be given.

[Kong Hey Pakboy]

India has the deepest decline in the major economies. The disease is on the rise in India due to its large population (about 1.3 billion people) and low health, housing, and living conditions. The disease is easy to develop and spread safely in the slums.
In 2020 the government will spend billions of dollars to bring the epidemic under control.
It seems that their ability to control the disease is still difficult, even though measures are being taken to prevent them.

Not only in India who currently suffers from the pandemic of the COVID-19 and the recession because every countries are currently spending billions of dollars, so they could just take the pandemic under control. But the situation is different in India because they have a huge population in their country causing a massive numbers of virus cases. 

[Febo]

COVID-19 effects India too much as compare to other countries behind the reason is that much populations and not well economic level. through this pandemic lot of people became a jobless. it will take 5,6 years to recover again.

It will not take 5 years. India will be on at least end of 2019 levels by end of 2022, but probably much faster. They started taking covid-19 seriously and are testing a lot. After initial shock they will be fine.

[bryant.coleman]

COVID-19 effects India too much as compare to other countries behind the reason is that much populations and not well economic level. through this pandemic lot of people became a jobless. it will take 5,6 years to recover again.

It will not take 5 years. India will be on at least end of 2019 levels by end of 2022, but probably much faster. They started taking covid-19 seriously and are testing a lot. After initial shock they will be fine.

I guess they will be fine in 6 months time, or at the most within a year. A recent study concluded that Indian cities such as Mumbai and Delhi may achieve herd immunity by December end or by January next year. If that happens, then COVID 19 would cease to be a major concern. But that doesn't mean that the economy may rebound immediately after January. It may take a few more months.

[ilovealtcoins]

India has the deepest decline in the major economies. The disease is on the rise in India due to its large population (about 1.3 billion people) and low health, housing, and living conditions. The disease is easy to develop and spread safely in the slums.
In 2020 the government will spend billions of dollars to bring the epidemic under control.
It seems that their ability to control the disease is still difficult, even though measures are being taken to prevent them.

Not only in India who currently suffers from the pandemic of the COVID-19 and the recession because every countries are currently spending billions of dollars, so they could just take the pandemic under control. But the situation is different in India because they have a huge population in their country causing a massive numbers of virus cases. 

The large population is not a problem because China has been successfully controlled. Housing and health care are inadequate in India, and the slums increase the likelihood of viral infections. Now that the virus is spreading to rural areas, I'm not sure they have the medical staff and measures to prevent the disease from getting worse.

[finlandais]

India is facing a major downturn nowdays.The major reason is the colossal population growth of India.During this pandemic thousands of Indians went on the wallaby.Air of melancholy surrounded many indians and indirectly it is having a major impact on the economy of India.

[Genemind]

India has the deepest decline in the major economies. The disease is on the rise in India due to its large population (about 1.3 billion people) and low health, housing, and living conditions. The disease is easy to develop and spread safely in the slums.
In 2020 the government will spend billions of dollars to bring the epidemic under control.
It seems that their ability to control the disease is still difficult, even though measures are being taken to prevent them.

Not only in India who currently suffers from the pandemic of the COVID-19 and the recession because every countries are currently spending billions of dollars, so they could just take the pandemic under control. But the situation is different in India because they have a huge population in their country causing a massive numbers of virus cases. 

The large population is not a problem because China has been successfully controlled. Housing and health care are inadequate in India, and the slums increase the likelihood of viral infections. Now that the virus is spreading to rural areas, I'm not sure they have the medical staff and measures to prevent the disease from getting worse.

It all falls on how prepard is the health care sector to attend and prevent the spread of the virus. Not to mention the population, India same as Philippines has limited facitility to hold PUIs and those whobare infected. It all depends on how the government will impliment social distancing to avoid the spread and also to contain the virus. Let's all hope the situation will not get worse as time goes by.

[tyz]

Under Covid-19 impact India businesses and economies function.The next 12 months will be difficult.Many businesses will struggle some may even die.

India really has a problem. The risks I see here for democracy and peace are the following: India has to face the comparison with China. At least officially China has the pandemic under control, which is also shown by the economic figures (I don't mean the official growth figures, which are faked anyway, but e.g. the demand for goods, which is also confirmed by international corporations). In comparison, India gives a miserable picture. This could lead to people saying that democracies - and India is after all the largest democracy in the world - can handle such events worse than authoritarian states. This could be a vivid argument for all despots and terrible regimes in the world. Moreover, India and China have been in a dangerous situation for a long time where war could break out over the Himalayas at any time. The pandemic could strengthen nationalism on both sides.

[wiss19]

It’s just been that way, everyone is complaining that the economy is bad and their saying there is no money, it hasn’t been easy since this pandemic started, but I believe that things are getting back to being good. Things got really tight when there was a lockdown, and I am self employed and need to go out to work everyday and put food on my table, but when the lockdown was declared things got difficult.

I was able to get through the lockdown with the money I have been able to make through online (importance of having a very different side job). Most people here say that they no longer want another lockdown, they prefer to keep working despite the situation.

[abhiseshakana]

Sometimes democracy can had you a disadvantage. And this is what has happened to India. China is an authoritarian state and it was able to strictly implement the lockdown measures. But India, being a democratic nation could not prevent the citizens to obey lockdown regulations. And the results are there for everyone to see. Yesterday there were 90,000 new cases in India and for China there were 10 new cases reported yesterday.

Democracy is often associated with pandemics, so the question arises whether there is a role for democracy in dealing with pandemics. A pandemic has the potential to harm democracy. This is because there are "extraordinary" policies taken by the state in a crisis that has the potential to violate democratic norms. The pandemic has also set a precedent for the rise of authoritarianism in various countries. To break the chain of pandemic spread, excessive and repressive actions were carried out. People in times of crisis no longer worry about discrimination, social restrictions and violence by the apparatus, because in the name of health, some elements legally violate democratic norms. Poor leadership has also resulted in the deterioration of pandemic mitigation policies. The decline in countermeasures policies has resulted in a low level of public trust and has led to apathy. As a result, the spread of the virus is difficult to contain.

China has had more success with the outbreak. because of the centralization of power which facilitates coordination in handling. Relations between parties and between institutions are well coordinated, as well as high public trust in the government, thus fostering broad participation in facing crises. But other countries that are not authoritarian have also succeeded in stemming the spread such as New Zealand, Taiwan, South Korea. So the type of political regime does not determine the readiness and success of the country against the pandemic, which determines the quality of leadership.

[STT]

Sometimes democracy can had you a disadvantage. And this is what has happened to India.

China stats cannot be relied on totally, we'll never know exactly how many died there.   Its very likely more then reported, because communism does not respect independence in reporting either.     India is not entirely free, no country has a perfect freedom score as I think there is even a yearly examination and comparison of freedom across countries and I dont remember reading of any perfect country.
   This isnt the first major flu illness to hit China, I remember reading over 1 million deaths occurred from '68 onwards from influenza A (H3N2) and we've heard a few times recently of other strains.   They have some practise on this issue where as I cannot remember anything this deadly being common in most western countries and it could be similar in India.   A difference in culture more then politics, most of the deaths avoided will be down to self caution by the people imo.

So far as economic impact, I'm still not clear every day I watch the news whether we can at least draw a line under 2020 and say it'll improve considerably afterwards or is this now a reoccurring threat and the strain mutates and spreads newly every year as we know the cold and flu can easily do.    If thats the case its India and every where that has to adapt to changes forever.   I'm not clear if thats true and I'm not sure which country or culture will best adapt and make do with the necessary changes.

[bryant.coleman]

China stats cannot be relied on totally, we'll never know exactly how many died there.   Its very likely more then reported, because communism does not respect independence in reporting either.     India is not entirely free, no country has a perfect freedom score as I think there is even a yearly examination and comparison of freedom across countries and I dont remember reading of any perfect country.
   This isnt the first major flu illness to hit China, I remember reading over 1 million deaths occurred from '68 onwards from influenza A (H3N2) and we've heard a few times recently of other strains.   They have some practise on this issue where as I cannot remember anything this deadly being common in most western countries and it could be similar in India.   A difference in culture more then politics, most of the deaths avoided will be down to self caution by the people imo.

So far as economic impact, I'm still not clear every day I watch the news whether we can at least draw a line under 2020 and say it'll improve considerably afterwards or is this now a reoccurring threat and the strain mutates and spreads newly every year as we know the cold and flu can easily do.    If thats the case its India and every where that has to adapt to changes forever.   I'm not clear if thats true and I'm not sure which country or culture will best adapt and make do with the necessary changes.

It may be possible to hide the number of infections. But it will be very hard to hide the number of dead, no matter how much authoritarian they are. I still believe that the number of deaths from COVID 19 in China is somewhere near the figures published by the government. And regarding the number of infections, the undercount can be seen in all the countries, and not just in China.

[panganib999]

Actually such happenings on the Indian economy that is brought by the existence of this covid-19 pandemic is also present on the other economy of the countries around the world which were directly affected by the rising cases of infected cases by the pandemic. Many countries like India have also been suffering and facing struggle at this times due to the reason that certain works are being temporarily postponed in accordance to the implementing health protocols making working spaces to close temporary to prevent the further potential of the spread of virus that have a direct effect on the economy of the country. Maybe all countries have been experiencing the same struggle but for a country like India, this might be made more difficult to be handled on which country's economy is really having a hard time to have a recovery if ever this pandemic would end soon.

[inoes]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

[bryant.coleman]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

The central banks all around the world are printing banknotes like there is no tomorrow. As a result the purchasing power of fiat currency is going down. The investors want to protect their assets from rampant inflation and therefore they are turning to assets that are protected from inflation, such as gold. Even now I have a feeling that gold is under-priced. In the next 4-5 years, I expect the gold prices to reach $5,000 per oz.

[lepbagong]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

What I fear the most is not the economy that will only suffer, but if this pandemic does not go down and stop, what I fear is the danger of hunger which will worsen the country's economy. which in the end the pandemic did not stop but continued.
hopefully this will not happen and soon the pandemic can be over.
If it is about the price of gold and others, the government will be able to carry out regulations in a separate and different way if a famine pandemic occurs, it is very difficult to handle it quickly and easily.

[Vishnu.Reang]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

Gold loans are very popular in my country (India). But the terms are very exploitative and in most of the cases the individual has to forfeit the gold as he is unable to make the steep interest payments. I always advice my friends to sell, rather than pawn their gold. Because if they pawn their gold, then they will end up with a fraction of the gold price. And they will forfeit the gold jewelry in the end, due to the inability to pay the monthly interest.

[AmoreJaz]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

Gold loans are very popular in my country (India). But the terms are very exploitative and in most of the cases the individual has to forfeit the gold as he is unable to make the steep interest payments. I always advice my friends to sell, rather than pawn their gold. Because if they pawn their gold, then they will end up with a fraction of the gold price. And they will forfeit the gold jewelry in the end, due to the inability to pay the monthly interest.

i guess you are right on that - selling rather than pawning esp if you have small chance of getting the money to get it back within the given time period. at least when you sell, you can already get a good price but paying monthly interest? how long before someone realised that he already paid the value of his gold just by the interest.
 and this problem is global. not only in India or neighbouring countries. we are talking all over the world. a lot of people have their own problems when it comes to finances. this is a global dilemma!

[abhiseshakana]

The central banks all around the world are printing banknotes like there is no tomorrow. As a result the purchasing power of fiat currency is going down. The investors want to protect their assets from rampant inflation and therefore they are turning to assets that are protected from inflation, such as gold. Even now I have a feeling that gold is under-priced. In the next 4-5 years, I expect the gold prices to reach $5,000 per oz.

If the central bank prints money to flush the market with cash to increase demand, it can indeed lead to inflation. According to the initiator of the MMT (modern monetary theory), printing money does not always end in inflation as long as money is used to boost independent and productive production sectors.

Gold is a relative asset that increases in value over time, moreover there are rumors that America will carry out a currency war with the possibility of returning to the gold system as collateral for printing money, as the first simulation or by simulating increasing the price of gold so that it is proportional to the amount of money that has been printed by America. In addition, many countries are voicing dedolarization, and one of the steps to maintain economic stability is foreign exchange reserves in the form of gold.

[imstillthebest]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job,

isnt bank crisis already included with it ? because when we say economic crisis the first thing that comes to our mind is the whole economy  but there is such thing as bank crisis ? because banks can always print more if they wanted too  .

with crisis like this its impossible that loans are limited because people seek money  and how is the job connected to it  . you can get a job if you want to because you can apply for it .

[Dorodha]

Almost everything in India is being hampered by the economic crisis the effect of the virus has decreased a lot from before. Although it is difficult to give loans to banks, the central bank has started buying government bonds to ease the financial conditions. The Indian government has decided to increase the allocation in the health sector to deal with corona. The government has emphasized on providing salaries cash to the poor delaying payment of taxes providing loans and liquidity to small businesses and financial institutions.

[CODE200]

What the Indian economy is experiencing due to the effects of the covid-19 pandemic is also the same thing being experienced by other countries that are directly and severely affected by the high inflation rate of infected individuals most specially pertaining to the third world countries. If Indian economy is struggling amid with the existence of the pandemic, so do other countries do also have the same struggle too. It is just that certain countries do have different capacities and capabilities to cope up with the situation which depends on their economic status. One of the greatest and observable effect of this pandemic is the negative effect of it with concern to the economic status of a certain country like India.

[bryant.coleman]

Almost everything in India is being hampered by the economic crisis the effect of the virus has decreased a lot from before. Although it is difficult to give loans to banks, the central bank has started buying government bonds to ease the financial conditions. The Indian government has decided to increase the allocation in the health sector to deal with corona. The government has emphasized on providing salaries cash to the poor delaying payment of taxes providing loans and liquidity to small businesses and financial institutions.

Compared to the other countries, the Indian government has done a lot to help small business and the jobless people. But they can't give out freebies for ever, as the tax revenue has plummeted. As a result, the government has allowed a gradual re-opening of the economy. As far as I know, only a few institutions are closed as of now, including schools and colleges. But that doesn't mean that economy has recovered. Ordinary people are not venturing out that often and non-essential services are suffering as a result.

[glowing10]

After the economic crisis the worst thing that will happen is the banking crisis, money is an important thing that becomes the wheel of the economy, but when traditional bank loans are hard to get, it's difficult to get a job, want to go into debt also has many conditions. as a result the increasing price of gold has helped the popularity of gold loans. The price of gold has gone up by 28% this year to 50,000 rupees per 10 grams.

Gold loans are very popular in my country (India). But the terms are very exploitative and in most of the cases the individual has to forfeit the gold as he is unable to make the steep interest payments. I always advice my friends to sell, rather than pawn their gold. Because if they pawn their gold, then they will end up with a fraction of the gold price. And they will forfeit the gold jewelry in the end, due to the inability to pay the monthly interest.

It’s more of a greed that is shown to people that one can get money on collateral of a loan. Mostly small people fall for it and the interest being so high cumulative they end up losing lot of money for it to get it back. I assume people in various countries who had such scheme during covid would have took loan on lending the gold due to various difficulties faced by them.