scholarly journals Economic Impact of Novel Corona Virus Disease (Covid-19) on Migrant Workers, Rural Economy of India and Tourism

2020 ◽  
Vol 10 (1, 2 e 3) ◽  
Author(s):  
MD. SHAHNAWAZ ABDIN ◽  
RAHUL KUMAR
Keyword(s):  
Migrant Workers ◽  
Rural Economy ◽  
Virus Disease ◽  
Tourism Industry ◽  
Economic Damage ◽  
Economic Activities ◽  
Indian Economy ◽  
Wage Earners ◽  
The Impact ◽  
Economic Damages

Present world is crippled with pandemic COVID-19 that has caused innumerable economic damages and claimed lakhs of lives of people worldwide. There is so much fear among masses, economic activities are shut down, preventive measures are being taken worldwide. World has witnessed many epidemics and pandemics in the past too but it is first time in the history that economies are in complete “lockdown” world over. The lockdown or closure of economies is causing innumerable economic damages worldwide. The present paper aims at to analyse the impact of COVID-19 on total Indian economy in general and rural economy of India in particular, its impact on daily wage earners and migrant workers. In addition to this, the paper also makes an attempt to analyse the impact of COVID-19 on travel & tourism study in India as well as across the globe. The major conclusion drawn from the study is that the Indian economy is going through its one of the worst times and this has put migrant workers in an uncertain situation. Tourism, hotel industry, transport, manufacturing, agriculture etc. sectors are witnessing massive economic damage. The tourism industry is worst affected in India as well as across the globe due to the outbreak of COVID-19 pandemic and around 100 million direct tourism jobs are at risk.  The growth rate of GDP in India is expected to contract to around 2% in financial year 2020-21. This indeed will be a big cause for worry and drastic economic efforts will be needed from all the quarters to restore balance to Indian economy.

THE MAIN DIRECTIONS OF ECONOMIC SUPPORT OF THE REGIONAL SECURITY SYSTEM OF THE POPULATION

2020 ◽  
Vol 1 (11) ◽  
pp. 133-140
Author(s):  
E. V. DMITRIEVA ◽  
Keyword(s):  
Crisis Management ◽  
Security System ◽  
Regional Security ◽  
Economic Losses ◽  
Economic Damage ◽  
Economic Activities ◽  
The Sustainable Development ◽  
Economic Support ◽  
The Impact ◽  
Crisis Situations

The article considers topical issues of economic support for the development of the regional security system of the population against various risks. The dependence of the impact of the scale of crisis situations on economic activities in the constituent entities of the Russian Federation, which become a serious barrier to the sustainable development of the regions of the country, was investigated. The increasing importance of risks of economic losses from accidents and disasters at potentially dangerous facilities as a result of the complex influence of natural, manmade and fire factors has been established. An analysis was carried out and proposals were developed to implement the key tasks of the state in the field of ensuring the protection of the population and territories of the country from disasters in order to ensure the stability of the economy. The organizational structure, division of tasks and functions between officials, crisis management structures and responding units were analyzed, taking into account the reduction in current financial costs. On the basis of a study of the peculiarities of the regions of the country, recommendations were formed to fulfill the necessary tasks by the anti-crisis management bodies in the field of reducing economic damage on the basis of preventing crisis situations and ensuring fire safety. It is proposed to organize the practical application of a complex automated security system based on modern developments with the application of improving the qualities and efficiency of anti-crisis management processes in order to increase economic efficiency. Initial data were formed to reduce potential threats of a natural, man-made, fire and other nature in the regions using financial and economic mechanisms. It is proposed to implement a set of priority measures to further improve and increase the potential of economic support for the anti-crisis management system. The materials of the article can be used in planning the main directions of the development of the regional population security system and the implementation of socio-economic development programs.

scholarly journals Review of Economic Stimulus Packages to Fight the Covid-19 Pandemic: Evidence from Malaysia

2021 ◽  
Vol 2 (5) ◽  
pp. 124-134
Author(s):  
Waqas Mehmood ◽  
Rasidah Mohd-Rashid ◽  
Attia Aman Ullah ◽  
Owais Shafique
Keyword(s):  
Public Health ◽  
Economic Recession ◽  
Mass Scale ◽  
Tourism Industry ◽  
Economic Recovery ◽  
Economic Activities ◽  
Economic Stimulus ◽  
The Government ◽  
The Impact ◽  
Malaysian Government

The purpose of this study is to describe the COVID-19 situation in Malaysia and the way the government of Malaysia manages the impact of this pandemic through economic recovery packages such as economic stimulus packages. This study focuses on the effects of the economic stimulus packages released by the government of Malaysia as a response to the economic recession triggered by COVID-19. Malaysia is one of the favourite tourist destinations, and the tourism industry generates about 5.9% of the country’s GDP. However, the lockdown imposed by the Malaysian government to combat the COVID-19 pandemic has severely affected almost every sector of the economy. The Malaysian government has taken several steps to control the spread of the pandemic, such as declaring hotspots of COVID-19, imposing lockdowns, and creating mass scale awareness through social media and TV channels. The government has also deployed several economic strategies such as economic stimulus packages to help industries and the people. This study concludes that the mitigation techniques, i.e., economic stimulus packages adopted are working properly; however, some improvements are required as these techniques are inadequate to manage the transmission capability and virulence of COVID-19. Thus, more attention is required for the revival of economic activities. This study helps to obtain an insight into the effects of economic packages and how effective these packages have been in managing the spread of the COVID-19 virus and mitigating the economic recession. It also provides an understanding of how these packages will help flatten the pandemic curve in the future. This study provides information on the current COVID-19 situation in Malaysia. It also offers information on the policies and methods used by the government to solve economic and public health issues. Further, this study lays out guidelines for policymakers and government officials for the development of more effective strategies for economic recovery and public health initiatives.

scholarly journals An overview of the tourism economic effect in the European Union Member states

Turizam ◽  
2020 ◽  
Vol 24 (4) ◽  
pp. 165-177
Author(s):  
Gordana Petrović ◽  
Darjan Karabašević ◽  
Svetlana Vukotić ◽  
Vuk Mirčetić
Keyword(s):  
European Union ◽  
Economic Effect ◽  
Research Area ◽  
Tourism Industry ◽  
Economic Effects ◽  
The European Union ◽  
Economic Activities ◽  
Tourist Destinations ◽  
The World ◽  
The Impact

Tourism has a notable role in the economies of many countries, and particularly in the countries of the European Union, which are still one of the world's most recognized and visited tourist destinations. The paper aims to analyze the impact of the tourism industry on the economy of the European Union. In this context, the paper is based on research and literature review, in particular, statistics data of Eurostat and the World Travel and Tourism Council. The results achieved by the tourism industry are reflected through certain economic indicators: GDP, employment rate, income, the balance of payments, turnover and consumption. The research area is one of the most visited tourist destinations in the world, which generates significant tourist turnover and justifies the status of an extremely important determinant of economic development. The well managed tourism industry complements other economic activities and increases the income of each EU Member State, and the tourism industry has direct and indirect, positive and negative economic effects.

Impact of the Pandemic on the Indian Economy and Wellbeing

2022 ◽  
pp. 133-145
Author(s):  
Chitra Krishnan ◽  
Richa Goel ◽  
Jasmine Mariappan
Keyword(s):  
Migrant Workers ◽  
Social Insurance ◽  
Secondary Data ◽  
Educational Institutions ◽  
Migrant Population ◽  
Indian Economy ◽  
Secondary Sources ◽  
Wellness Education ◽  
The Government ◽  
The Impact

The goal of the study is to look at the impact of COVID-19 on major industries including automobiles, wellness, education, tourism, and many others, as well as migrant workers' status. COVID-19, a sudden epidemic, has had a devastating impact on the Indian economy. The migrant population was also affected by this situation. They were concerned about labor shortages, monthly rationing, and social insurance shortages. In this investigation, secondary data was gathered. The study focuses on the influence of COVID-19 on important industries such as automotive, wellness, education, tourism, and so on, as well as the position of migrant workers. Secondary data was acquired for this inquiry. Blogs, magazines, newspapers, news from foreign agencies, written academic papers, government materials, and websites are examples of secondary sources. Educational institutions, customers, legislators, the government, and the community will all profit from this research.

scholarly journals Catastrophe of Environment: The Impact of Natural Disasters on Tourism Industry

2018 ◽  
Vol 1 (1) ◽  
pp. 86-94 ◽  
Author(s):  
Ruhet Genç
Keyword(s):  
Natural Disasters ◽  
Critical Evaluation ◽  
Volcanic Eruptions ◽  
Tourism Industry ◽  
Destination Image ◽  
Social Variables ◽  
Economic Activities ◽  
Tourism Sector ◽  
Tourism Economy ◽  
The Impact

Natural disasters have a catastrophic impact on the lives of humans, interrupting their social and economic activities to a great extent. Communities that are located in high-risk regions encounter greater challenges in developing a resilient and sustainable tourism economy (Tsai et. al., 2016). The past examples of tsunamis, earthquakes, volcanic eruptions all over the world have shown that there are two sides of the issue in terms of tourism sector. First, the devastating effects of the natural disaster slow down the tourism sector like all other activities in a particular destination. On the other hand, the natural disasters are capable of fostering the strong feelings of solidarity (Goodwin, 2005), luring the global interest to the region for further economic opportunities, including tourism. The aim of this manuscript is to investigate the influence of drawbacks and possible positive impacts of natural disasters on tourism activities and to model them in a proper manner. The paper will start with a body of literature on the impact of natural disasters on the tourism industry based on the previous studies. The study will be dealing with the question how natural disasters  have an impact on tourism through economic aspects, destination image and the degree of community activity. The methodology will be literature review and critical evaluation of the findings. Finally, a model will be suggested in order to provide a quantitative analysis for the natural disasters, including the possible related economic and social variables.

scholarly journals A Study on Impact of COVID-19 Pandemic on Primary, Secondary and Tertiary Sectors of Indian Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 0-0
Keyword(s):  
Migrant Workers ◽  
Secondary Data ◽  
World Health ◽  
Indian Economy ◽  
The Social ◽  
Political Dimensions ◽  
The Government ◽  
Novel Coronavirus ◽  
Health Organization ◽  
The Impact

COVID-19 emerged in China in December. The World Health Organization declares this virus as Global Disaster in March. The coronavirus has affected the social, economic, political dimensions of the nations globally. In this study, the authors consider the impact of novel coronavirus (COVID-19) on the different activities of primary, secondary, and tertiary sectors of the Indian Economy and various policies and reforms have been taken by the government. The secondary data is collected to put down this literature. Each sector of the economy faces chaos due to coronavirus. Migrant workers or laborers go to their state in the lockdown, a ban on materials, electronics imported from china, supply chain disruption, disturbance in the cash flow are some of the majors' reasons that lead to the uncertainty in different sectors. A fund issued by the Government can be utilized effectively to give benefits to employees, workers, farmers, organizations, and industries.

scholarly journals Contribution of Tourism Industry in Indian Economy: an Analysis

2020 ◽  
Vol 8 (6) ◽  
pp. 1994-2000
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Least Squares Method ◽  
Strong Relationship ◽  
Ordinary Least Squares ◽  
Tourism Industry ◽  
Indian Economy ◽  
Foreign Tourism ◽  
Travel Industry ◽  
The Impact

The tourism and travel industry is the biggest and most diverse industry in the universe. The impact of tourism on increasing employment and foreign exchange earnings, the boom in domestic industries, the expansion of international cooperation have changed the attitudes of countries around the world and played an important role in the policymaking of Governments. So the purpose of this research paper is to investigate the Impact of Foreign Tourism Receipts growth on the growth rate economic in Indian economy during the period of 2000-2019. In this study we are using the Ordinary Least Squares method (OLS method).The results show that there is a positive relationship between economic growth rate and growth of foreign tourism revenue growth but this relationship is very weak its mean that the impact of the growth of foreign tourism receipt on economic growth is less; We can also say that there is no strong relationship between these two variables.

scholarly journals ECONOMIC CRISIS IN INDIA 2020: MEASURES TO V- SHAPED RECOVERY

2020 ◽  
pp. 45-54
Author(s):  
Duragesh Pujari
Keyword(s):  
Economic Crisis ◽  
Economic Activities ◽  
Indian Economy ◽  
Policy Suggestions ◽  
Key Sectors ◽  
Fiscal Balance ◽  
The Government ◽  
To Come ◽  
Sustained Recovery ◽  
The Impact

COVID-19 pandemic has not only infected and killed millions of millions people, but it has also negatively impacted the economy with varying degrees across the globe and in India as the economic activities were completely stopped during the lockdown period. Covid19 pandemic creates economic crisis in India FY2020. The paper attempts to examine the impact of COVID-19 on different key sectors of the Indian economy and offer policy suggestions to push the Indian economy on V-shaped recovery. The study has been found that Negative performance in industrial production, lower performance in PMI, increasing in unemployment, declining in the inflation due to lack of demand, decrease in forex reserves, decrease in private consumption, decrease in exports and increase in imports, increasing fiscal balance these all factors are creates a economic crisis in our country Fy2020. Therefore, the country should boost the all factors which are already hit by lockdown due COVID-19 pandemic. If country properly boosted all factors, leads to better performance in post COVID-19. Country needs to boost the MSMEs and domestic entrepreneurs, industrialist, farmers providing better incentives for increasing economic growth of nation. The government should be concerned about protecting the health of Indian Economy and should spend what is needed. The study conclude that Quick and sustained recovery measure (V-shaped recovery measures) are required to come out from present economic crisis which result of covid19 in India and creation of awareness about COVID-19 pandemic should be continuing. KEY WORDS: Covid19, Growth, PMI, Export and Import, Inflation, Fiscal Balance.

scholarly journals The direct economic impact of alternative types of the rural tourism

2005 ◽  
Vol 53 (6) ◽  
pp. 101-108
Author(s):  
Simona Miškolci
Keyword(s):  
Rural Economy ◽  
Tourism Industry ◽  
Rural Tourism ◽  
Economic Activities ◽  
Government Officials ◽  
Rural Restructuring ◽  
Rural Employment ◽  
Demand Changes ◽  
Tourism Services ◽  
And Training

Rural tourism has come to occupy a prominent position in the debate about rural restructuring in all OECD countries, partly because of demand changes which favour rural tourism and partly because rural agencies recognise a need to provide economic activities with potential for growth in a rural economy in which traditional providers of rural employment (such as agriculture) have been shedding labour at a rapid rate. Well-designed strategy is essential to its success in impacting on the rural economy. The structures for collaboration and co-operation must be developed and combined with a process of education and training. Co-operative effort must be effective and sustainable. The tourism related businesses should not be isolated from the larger community and its issues.The principal motivation for a community, business or region to serve tourists is generally economic. An individual business is interested primarily in its own revenues and costs, while a community or region is concerned with tourism’s overall contribution to the economy, as well as social, fiscal and environmental impacts. A good understanding of tourism’s economic impacts is therefore important for the tourism industry, government officials, and the community as a whole.The principal objective of the study, that is reported here, was to determine the potential income of farmers from the provision of agro-tourism services. First, the paper reviews selected results of the visitor spending survey in alternative types of rural tourism of the region Southeast (Czech Republic); second the direct economic benefit of the agro-tourism in this region is estimated, and finally, critical factors reducing the effectiveness of agro-tourism as a rural development instrument are drawn.

scholarly journals COVID-19 Pandemic and its Impact on Tourism Industry in Nepal

2020 ◽  
Vol 3 (1) ◽  
pp. 50-75
Author(s):  
Nimesh Ulak
Keyword(s):  
Virus Disease ◽  
Tourism Industry ◽  
International Travel ◽  
Response Strategy ◽  
Primary Data ◽  
Secondary Sources ◽  
Fundamental Research ◽  
The Impact ◽  
Research Type ◽  
Cultural Structure

The article aims to measure the impact of novel corona virus disease (COVID-19) pandemic on tourism industry in Nepal. The pause of tourism mobility for months due to an abrupt halt of transportation means; shuttered borders; and stay-at-home orders by government has brought adverse effects on Nepal’s tourism industry and its stakeholders. Likewise, airlines, accommodation, transport operators and other sub-sectors of Nepal are suffering due to international travel bans. There are spillover impacts of the pandemic on the socio-cultural structure, human psychology and global economic system where tourism industry is no exception. The impacts are gradually unfolding. Hence, the study also focuses on the preparedness and response strategy of stakeholders for combating this pandemic which has brought crisis and fear to Nepal’s tourism industry. The research is qualitative in its nature and followed basic/fundamental research type to expand knowledge on this topic which will shed light on the significant impact on the tourism industry in Nepal. The study is based on both primary data collected through interviews with intended stakeholders and the review of several relevant secondary sources.

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