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    Saurabh Singh
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    The COVID-19 outbreak and India's 21-day nationwide lockdown will have a serious negative economic impact on the country. Micro, small and medium enterprises (MSMEs) that employ over 110 million people will be especially hard hit, as they have been forced to shut down and still pay employee salaries. Many economists expect the complete lockdown of economic activity for such a long period will significantly damage the overall economy, which was already struggling. The exact extent of the reduction to India's economic growth remains uncertain.

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    The COVID-19 outbreak and India's 21-day nationwide lockdown will have a serious negative economic impact on the country. Micro, small and medium enterprises (MSMEs) that employ over 110 million people will be especially hard hit, as they have been forced to shut down and still pay employee salaries. Many economists expect the complete lockdown of economic activity for such a long period will significantly damage the overall economy, which was already struggling. The exact extent of the reduction to India's economic growth remains uncertain.

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    © All Rights Reserved
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    41 views3 pages

    Economic Impact of Covid

    Uploaded by

    Saurabh Singh
    The COVID-19 outbreak and India's 21-day nationwide lockdown will have a serious negative economic impact on the country. Micro, small and medium enterprises (MSMEs) that employ over 110 million people will be especially hard hit, as they have been forced to shut down and still pay employee salaries. Many economists expect the complete lockdown of economic activity for such a long period will significantly damage the overall economy, which was already struggling. The exact extent of the reduction to India's economic growth remains uncertain.

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    © All Rights Reserved
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    of 3

    Date

    ECONOMIC IMPACT OF
    COVID-19 OUTBREAK
    ACADEMICS

    India’s 21-day lock down could bring the


    HOW INDIA IS SUFFERING? country’s growth serous down. The correct
    figure is still not forecasted that by how much
    the gro.

    The Micro Small and Medium Enterprises


    (MSMEs) are more likely to get affected by
    covid-19 outbreak as they have been
    shuttered down till 14th of march. And to make
    it further hard MSMEs are given direction by
    govt. to keep paying salaries to the workers
    and employees.

    According to various news report, data shows


    that MSMEs employs 110 million people
    across the country. With so large amount of
    people to give salaries in complete lockdown
    would be not suitable and feasible for the
    COVID-19 Corona Virus Disease 2019 commonly as MSMEs.
    Corona. It is a well-known term nowadays and has put
    the word in fearful pressure. There is tremendous terror
    among the peoples across the globe.

    This pandemic has hit the countries globally at a speed


    and scale that no one ever expected. Countries have Lorem ipsum dolor sit amet,
    under lock down in order to save their people from this consectetuer adipiscing elit. Ut
    dangerous virus. Schools, colleges, offices and quam turpis, tincidunt ut, rhoncus
    businesses and many other activities have been put on
    hold till the time the situation gets normal.
    nec, sagittis vel, erat. Morbi varius.
    Morbi varius tincidunt odio.
    India have been put in the shutdown mode for the period Maecenas porttitor, justo at cursus
    of 21 days making all economic activities completely pharetra.
    lockdown. By this move majority of economic activities
    such as factories, construction works, hotels, malls, and
    many more have been put on complete hold till 14th of
    march 2020. Lorem ipsum dolor sit amet, consectetuer
    adipiscing elit. Ut quam turpis, tincidunt ut,
    rhoncus nec, sagittis vel, erat. Morbi varius.
    Morbi varius tincidunt odio. Maecenas
    porttitor, justo at cursus pharetra, diam enim
    According to many economist and experts it is being semper mauris, vel condimentum nulla purus
    forecasted that complete lock down of economic ac tortor. Aliquam et tortor. Integer vehicula
    activities for such a long period would drastically affect pulvinar odio. Quisque ac quam id lectus
    the overall economy. Which is already struggling from elementum euismod. Quisque orci neque,
    couple of years. aliquam id, sollicitudin nec, feugiat eu, tortor.
    Integer enim. Aenean eget nulla. Vestibulum
    neque nisi, bibendum vitae, semper in,
    placerat vel, purus.

    Date

    OUR THANKS
    REMINDERS THE WEEK AHEAD
    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Lorem ipsum dolor sit amet, consectetuer
    Ut quam turpis, tincidunt ut, rhoncus nec, sagittis vel, adipiscing elit. Ut quam turpis, tincidunt ut,
    erat. Morbi varius. Morbi varius tincidunt odio. Maecenas rhoncus nec, sagittis vel, erat. Morbi varius.
    porttitor, justo at cursus pharetra, diam enim semper Morbi varius tincidunt odio. Maecenas
    mauris, vel condimentum nulla purus ac tortor. Aliquam porttitor, justo at cursus pharetra, diam enim
    et tortor. Integer vehicula pulvinar odio. Quisque ac semper mauris, vel condimentum nulla purus
    quam id lectus elementum euismod. Quisque orci ac tortor. Aliquam et tortor. Integer vehicula
    neque, aliquam id, sollicitudin nec, feugiat eu, tortor. pulvinar odio. Quisque ac quam id lectus
    Integer enim. Aenean eget nulla. Vestibulum neque nisi, elementum euismod. Quisque orci neque,
    bibendum vitae, semper in, placerat vel, purus aliquam id, sollicitudin nec, feugiat eu, tortor.
    Integer enim. Aenean eget nulla. Vestibulum
    neque nisi, bibendum vitae, semper in,
    placerat vel, purus.

    Lorem ipsum dolor sit amet,


    consectetuer adipiscing elit. Ut
    quam turpis, tincidunt ut, rhoncus
    nec, sagittis vel, erat. Morbi varius.
    Morbi varius tincidunt odio.
    Maecenas porttitor, justo at cursus
    pharetra.

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Lorem ipsum dolor sit amet, consectetuer
    Ut quam turpis, tincidunt ut, rhoncus nec, sagittis vel, adipiscing elit. Ut quam turpis, tincidunt ut,
    erat. Morbi varius. Morbi varius tincidunt odio. Maecenas rhoncus nec, sagittis vel, erat. Morbi varius.
    porttitor, justo at cursus pharetra, diam enim semper Morbi varius tincidunt odio. Maecenas
    mauris, vel condimentum nulla purus ac tortor. Aliquam porttitor, justo at cursus pharetra, diam enim
    semper mauris, vel condimentum nulla purus
    ac tortor. Aliquam et tortor. Integer vehicula
    et tortorndum. pulvinar odio. Quisque ac quam id lectus
    elementum euismod. Quisque orci neque,
    aliquam id, sollicitudin nec, feugiat eu, tortor.
    Integer enim. Aenean eget nulla. Vestibulum
    neque nisi, bibendum vitae, semper in,
    placerat vel, purus.

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