scholarly journals Impact of COVID-19 on Indian Economy

Author(s):  
Bharti Rana

As the global economy is falling into a phenomenal recession due to COVID-19 (coronavirus) which is rapidly spreading across the World, health Services worldwide are increasingly abashed, also leads India into an arduous situation. The country’s growth rate has also reduced by 1.9% by International Monetary Fund from 5.8% for 2020-21. Businesses are in stress for their profit and trying to cover the operational cost, wondering if they will have customers which make them able to pay their employees. The informal sector especially the labourers are hurt the most as their wages are disappeared. Banks are realising, especially for small and medium sized (MSMEs), companies will default and that is why trying to protect the financial stability. Investors are in big confusion and badly hit in this situation. Meanwhile, the government of India is engaged to examine the impact of COVID-19 and improvising the tools to save economies from collapse. They know it well that this is unpalatable time, it will be known in the future only with the decision taken today.

2021 ◽  
Vol 104 (2) ◽  
pp. 003685042110198
Author(s):  
Helen Onyeaka ◽  
Christian K Anumudu ◽  
Zainab T Al-Sharify ◽  
Esther Egele-Godswill ◽  
Paul Mbaegbu

COVID-19, caused by the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2), was declared a pandemic by the World Health Organization (WHO) on the 11th of March 2020, leading to some form of lockdown across almost all countries of the world. The extent of the global pandemic due to COVID-19 has a significant impact on our lives that must be studied carefully to combat it. This study highlights the impacts of the COVID-19 pandemic lockdown on crucial aspects of daily life globally, including; Food security, Global economy, Education, Tourism, hospitality, sports and leisure, Gender Relation, Domestic Violence/Abuse, Mental Health and Environmental air pollution through a systematic search of the literature. The COVID-19 global lockdown was initiated to stem the spread of the virus and ‘flatten the curve’ of the pandemic. However, the impact of the lockdown has had far-reaching effects in different strata of life, including; changes in the accessibility and structure of education delivery to students, food insecurity as a result of unavailability and fluctuation in prices, the depression of the global economy, increase in mental health challenges, wellbeing and quality of life amongst others. This review article highlights the impacts of the COVID-19 pandemic lockdown across the globe. As the global lockdown is being lifted in a phased manner in various countries of the world, it is necessary to explore its impacts to understand its consequences comprehensively. This will guide future decisions that will be made in a possible future wave of the COVID-19 pandemic or other global disease outbreak.


2021 ◽  
Vol 8 (8) ◽  
pp. 251-260
Author(s):  
Maryam Adli ◽  
Amama Saleem ◽  
Tamima Saleem ◽  
Hawa Adli ◽  
Maria Adli

The World Health Organization stated COVID-19 a global pandemic, it has quickly spread all over the world, posing immense health, environmental and social challenges to the global population. The coronavirus outbreak is critically interrupting the global trade and has shattered the core sustaining pillars of the modern world economies. Concerns have been raised about policy changes, enforcement actions, immigrant detention, and deportation practices during the outbreak. The impact of COVID-19 on these trends implies new dimensions for global governance and organizations. This article seeks to highlight Azerbaijan's problems in the context of the battle against a pandemic. Because a country's economy has been impacted, a comprehensive study may give a better understanding of the results, illuminating the areas that require more assistance and growth.


2021 ◽  
Vol 2 (1) ◽  
pp. 25-30
Author(s):  
Pham Hoang

The purpose of this article is to describe the capacity and role of WHO in dealing with the spread of COVID-19 and to discuss in-depth articles at the stages of policy implementation that specifically discuss the WHO protocol that is applied in dealing with the spread of Covid-19. The implementation of the policy to handle the spread of COVID-19 considers various aspects not only health but also the economic and social impacts resulting from government decision making. In addition, response measures are implemented through the Acceleration of COVID-19 Handling task which is part of the formation of structures, structure is one of the aspects that are considered in Edward III's implementation theory besides communication, resources and disposition because the presence of a structure helps implement policies has a significant effect. on policy implementation. The support of all elements of the government, the private sector in compliance with government and WHO instructions, especially regarding social distancing and physical distancing, will have a big impact in preventing the spread of COVID-19.


Author(s):  
Khakim Gayurov ◽  
◽  
Munira Toshmatova ◽  

According to the World Health Organization, the new coronavirus, which first appeared in the Chinese city of Wuhan in December last year, infected more than 110,000 people in at least 110 countries and territories of the world. The virus outbreak has become one of the most serious threats to the global economy and financial markets. Large institutions and banks have reduced their forecasts for the global economy, and the Organization for Economic Co-operation and Development is one of the last countries to do so. Meanwhile, concerns about the impact of coronavirus on the global economy have stirred markets around the world: stock prices and bond yields have plummeted. The continued spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets.


2021 ◽  
Vol 8 (4) ◽  
pp. 9-24
Author(s):  
J. L. Rodríguez

The world economy is facing an unprecedented crisis. The COVID-19 pandemic demonstrated the real scale of the imminent crisis of neoliberal model, accelerating its development and aggravating its consequences. The situation in the global economy had a negative impact on the Cuban economy, especially since it coincided with tightening of economic embargo by Donald Trump Administration against Cuba launched more than 60 years ago. This article provides a preliminary assessment of the consequences of the crisis bearing in mind that the damage will depend upon duration and intensity of the pandemic around the world. Given the open nature of the Cuban economy, the estimates are based on the projected dynamics of the global economy. In the first part of the article the author, relying on extensive statistics, analyzes international context in which the economic situation in Cuba is developing, as well as the key obstacles to the country’s economic development. Further on, the author examines in detail the course of COVID-19 pandemic development in the country, assessing key peculiarities of the government program to combat the virus. The author also makes a detailed analysis of the government program for economic recovery and development, paying specific attention to the peculiarities of the monetary regime in force in Cuba. In the final part of the article the author provides an analysis of the main priorities of the government at the present stage, namely, increasing foreign exchange earnings, food production and improving the efficiency of capital investments, especially foreign direct investments. The author concludes that the key factor for Cuba development will be the effectiveness of application of the economic policy approved by the government and promptness of the reforms that are required to overcome existing obstacles.


2022 ◽  
Vol 2022 ◽  
pp. 1-8
Author(s):  
Youssef Miyah ◽  
Mohammed Benjelloun ◽  
Sanae Lairini ◽  
Anissa Lahrichi

The end of the year 2019 was marked by the introduction of a third highly pathogenic coronavirus, after SARS-CoV (2003) and MERS-CoV (2012), in the human population which was officially declared a global pandemic by the World Health Organization (WHO) on March 11, 2020. Indeed, the pandemic of COVID-19 (Coronavirus Disease 19) has evolved at an unprecedented rate: after its emergence in Wuhan, the capital of the province of Hubei of the People's Republic of China, in December 2019, the total number of confirmed cases did not cease growing very quickly in the world. In this manuscript, we have provided an overview of the impact of COVID-19 on health, and we have proposed different nutrients suitable for infected patients to boost their immune systems. On the other hand, we have described the advantages and disadvantages of COVID-19 on the environment including the quality of water, air, waste management, and energy consumption, as well as the impact of this pandemic on human psychology, the educational system, and the global economy. In addition, we have tried to come up with some solutions to counter the negative repercussions of the pandemic.


2021 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Iqbal Ramadhan

The emergence of coronavirus at the end of 2019 caused the world to fall into a global pandemic. It cannot be denied that the phenomenon of the Covid-19 pandemic caused a downturn in the global economy. The threat of the Covid-19 pandemic has endangered social aspects and has also destabilized the political and economic life of all countries. Covid-19 has an impact on human security around the world. The concept of human security essentially emphasizes human freedom from fear. Through the concept of human security, this article seeks to explain how people are classified as vulnerable objects. Their lives could be threatened by Covid-19. The author uses a qualitative methodology with case study techniques to address this issue. The analysis in this article shows that poor, undernourished people who do not have access to sanitation and health services live in densely populated areas and people with comorbidities are particularly vulnerable to exposure to Covid-19. The conclusion of this research is that the government needs to give priority to these vulnerable communities. They are the entities that need to be protected from the threat posed by Covid-19.AbstrakMunculnya virus corona di penghujung tahun 2019 menyebabkan dunia terjerumus ke dalam pandemi global. Tak bisa dipungkiri, fenomena pandemi Covid-19 menyebabkan perlambatan ekonomi global. Ancaman pandemi Covid-19 telah membahayakan aspek sosial dan juga mengguncang kehidupan politik dan ekonomi semua negara. Covid-19 berdampak pada keamanan manusia di seluruh dunia. Konsep keamanan manusia pada dasarnya menekankan kebebasan manusia dari rasa takut. Melalui konsep human security, artikel ini berusaha menjelaskan bagaimana manusia diklasifikasikan sebagai objek yang rentan. Hidup mereka bisa terancam oleh Covid-19. Penulis menggunakan metodologi kualitatif dengan teknik studi kasus untuk mengatasi masalah ini. Analisis dalam artikel ini menunjukkan bahwa orang miskin dan kurang gizi yang tidak memiliki akses ke sanitasi dan layanan kesehatan tinggal di daerah padat penduduk dan orang dengan penyakit penyerta sangat rentan terhadap paparan Covid-19. Kesimpulan dari penelitian ini adalah bahwa pemerintah perlu memberikan prioritas kepada masyarakat rentan tersebut. Mereka adalah entitas yang perlu dilindungi oleh pemerintah dari ancaman Covid-19.


Author(s):  
Oluwasegun Micheal Ibrahim ◽  
Damilola Daniel Ekundayo

In March 2020, the World Health Organization declared coronavirus disease 2019 (COVID-19), caused by the novel severe acute respiratory syndrome coronavirus 2, to be a pandemic. Since the declaration, Nigeria economy has been greatly impacted thus resulting in a recession. This paper considers a couple of misconceptions among Nigerian people in the COVID-19 pandemic era thereby causing the spread of the novel virus and hence making the situation difficult for the government to handle. In particular, we discuss the first and second waves of the pandemic as it affects the Nigerian people. The impact of the pandemic on animals and the role of mathematical epidemiologists in combatting the spread is discussed herein. We give some recommendations that could be adopted by the government and the good people of Nigeria to reduce the further spread of the virus.


2020 ◽  
Vol 07 (03) ◽  
pp. 2050028
Author(s):  
Rajani B. Bhat ◽  
V. N. Suresh

The corona virus outbreak, which originated in China, has infected lakhs of people. Its spread has left businesses around the world counting costs. The corona virus is going global, and it could bring the world economy to a standstill. COVID-2019 that began in the depths of China’s Hubei province is spreading rapidly, persuading the World Health Organization to declare it as a pandemic. There are now significant outbreaks from South Korea to Italy and Iran, from America to Britain. The ongoing spread of the new corona virus has become one of the biggest threats to the global economy and financial markets. The economic impact of the COVID-2019 pandemic has introduced extraordinary volatility in global financial markets, as participants are obliged to reassess their valuations of all investments and associated derivatives as the situation develops. In an environment where uncertainty makes it unusually hard to price assets and for market-makers to operate, exchanges are providing the only way to establish consensus on these valuations in real time. Volatility has reached levels comparable with the Global Financial Crisis of 2008, with one-day losses not seen since 1987. The situation is made more challenging by high levels of indebtedness and already low interest rates. The financial markets are all integrated into one as global markets in the current era of globalization. It is important that financial markets remain able to perform their role — providing investors with liquidity, facilitating price discovery, and allowing for risk transfer and the transmission of monetary policy. This study aims at examining the performance of the selected Asian stock markets amidst the times of COVID-2019. This study intends to examine the interlinkages of Asian stock markets selected and to observe the impact of COVID-2019 on these markets. The period of study is from 1st December, 2019 to 31st March, 2020. The tools adopted for the study are correlation, regression, ANOVA and paired sample [Formula: see text] test.


2021 ◽  
Vol 28 (1) ◽  
pp. 73
Author(s):  
A Faroby Falatehan ◽  
Yusman Syaukat ◽  
Hastuti Hastuti ◽  
Nizar Nasrullah

Indonesia is the third largest rice producer in the world, at the same time it’s a country that imports rice from various countries. The government has provided input subsidies to increase rice production and reduce imports. Modes of rice farming in Indonesia is relatively diverse, from conventional to modern, even in the post-harvest process. The objectives of this study are: to analyze the impact of post-harvest handling on food loss and to analyze the relationship between paddy or rice loss with the quantity and value of fertilizers subsidy and paddy production in Indonesia. The estimated food (rice) loss includes the stages of harvesting, threshing, drying, and milling stages and distribution. Farmers use various technologies in processing rice: serrated sickle in harvesting, power thresher in threshing, and flatbed dryer in drying; while rice milling was done using conventional rice miller. The total rice loss reached 6.91 million tons in 2014 and continued to increase to 8.14 million tons in 2018. The growth rate of fertilizer subsidy value is higher than those of subsidized fertilizer quantity and paddy or rice loss. The results indicated that growth rates of paddy production and rice loss was lower than increased of government subsidy for fertilizer.


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