Impact of COVID-19 in all Aspects in India

Abstract

Novel Corona Virus is called COVID-19 which affected the word economy in the short span of time. Many Countries like Italy, China etc., have been suffering both physically and economically. Even our country is also facing the Economic crisis due to the outbreak of Novel Corona Virus. COVID-19 has also affected the Education sector, Textiles show rooms, Productions units, Transport sector (Air/Railway/Road), Automobile section, Food and lodging hotel services and other allied service sector due to lockdown. Fast moving consumer goods (FMCG) sector only is having a positive impact and higher growth without out any slowdown. The start-up companies were affected due to lock down and no customer and consumer access their goods and services. There is no transaction in foreign transaction due to the covid-19 to NRI accounts, Investments in Stock markets and export money receivables. Indian's Economy could take a hit of up to half a percent in this FY21 said by the Indian Economic Analysts. There will be a hit of 0.3% to 0.5% in GDP in the next fiscal year. The world is in a panic situation due to the pandemic Covid-19 virus infection. More than 3,592,547 people have been infected as of now and 249,081 have died because of this dangerous virus. This article is about how this pandemic made impact on Global Environment. Ants have been in the earth for more than 120 million years, but it did not change or pollute the environment. Out of all the living beings on earth Human are the one who started changing the environment for the past 700 years. The virus has bought the Indian Economy low due to unemployment and underemployment, non- availability of money to transfer for goods and service purchase. This article discusses the impacts of the entire sector in Indian context due to corona virus (covid-19).