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CASE STUDY Economic Impact of Lockdown and Covid-19 on Sadar Bazar * Now I will talk about ground reality as I
lived nearby the area of Asia largest wholesale market Sadar Bazaar. * The street which always was crowded with
peoples and traders now the streets are complete empty with hardly any shop or trading open. * One of Asia largest
wholesale consumer market Sadar Bazar is facing the heat of Covid-19. As majority of the traders and shopkeepers
deals in Chinese product, which is disturbed due to complete lockdown. * Also, the supply chain of Chinese product
will be further disturbed due to government norms on imports and exports of Chinese products. * Chinese products
include led lights, showpieces, toys, electronic and mobile accessories, stationaries and makeups etc. * The labors
and workers of Sadar Bazar are suffering very badly, most of them have lost their jobs. And they have shifted or are
planning to shift to their native villages of UP and Bihar. * The situation for worry is for those traders of Sadar Bazar
who were dealing with Chinese products, their products from past two months are already there as unsold stock and
secondly their stocks are sucked in the shipment process in china. * The impact on this lockdown will be for long
terms as per the local traders of Sadar Bazaar Impact of COVID-19 Pandemic on the Indian Economy in Long Run * If I
talk about the long run impact many, businesses would be forced to change their current business models especially
in the case of startup. * Various rules and regulations have been put in placed for the business and industries that
need to be compulsory followed to conduct any kind of economic activities after the pandemic or lockdown period is
over. * Various state government have already announced and are in the process of announcing the restrictions of
economic activities that will be still per tail for further future orders. * Various restrictions and regulations are also
put on corporate offices in lieu of Covid-19 post measures. * MSMEs will need almost a year to recover from this
break down and start working back normally. What is there for Future after this Pandemic Covid-19 is over?
Conclusion * The future of economy and business will majorly depend in the localistation of supply chain, as per the
report published by KPMG. Ever country Including India will focus on bettering the supply chain network of essential
goods. * The impact of digital business will be greater more business including those hardly to any business online
currently will be shifting towards online mediums after this global disruption. * The trend of outsourcing of business
activities is expected to rise, the business will focus towards manufacturing only the required commodities and
outsources non-essential commodities. In order to reduce overall operating cost and increase economic cost. The
analytics, insights, trends and data will be the key guiding force in the functioning of an economy and the economic
activities. Sources and References https://home.kpmg/content/dam/kpmg/in/pdf/2020/04/potential-impact-of-covid-19-
on-the-Indian-economy.pdf https://economictimes.indiatimes.com/news/economy/finance/economy-suffers-
unprecedented-collapse-due-to-covid-19-survey/articleshow/75276117.cms http://ficci.in/spdocument/23195/Impact-of-
COVID-19-on-Indian-Economy-FICCI-2003.pdf https://www.livemint.com/news/india/covid-19-impact-s-p-slashes-india-
growth-forecast-to-1-8-for-fy21-11587097365470.html

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