COVID-19 Impact on the Indian Economy

[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.