COVID-19 OUTBREAK IMPACT ON THE INDIAN
Vishal Singh
School of Business Galgotias University
Abstract:
The introduction of A study on the The Corona virus flare-up essentially affects India economy. The country has experienced a decline in GDP growth, increased unemployment, and a drop in consumer demand. The government has implemented several measures to support the economy, including stimulus packages and loans for businesses, but the recovery process is expected to be slow.
The COVID-19 outbreak has also highlighted several issues within the Indian healthcare system, including a shortage of medical supplies and equipment, inadequate healthcare infrastructure, and disparities in access to healthcare. The government has announced plans to address these issues, but the implementation and effectiveness of these measures remain to be seen.
The Corona virus episode altogether affects India, both regarding general well being and the economy. The nation has seen an emotional ascent in the quantity of cases and passing starting from the main cases were accounted for in mid 2020. The well being framework has been overpowered, with deficiencies of emergency clinic beds, oxygen supplies, and antibodies. The public authority has executed different measures to control the spread of the infection, including lockdowns and travel limitations.The pandemic has also had a severe economic impact, with many businesses forced to shut down, and millions of people losing their jobs. The informal sector has been particularly hard hit, with many workers in the informal economy losing their livelihoods. The government has announced several relief measures to support the economy, including cash transfers and loan guarantees.
The COVID-19 outbreak has highlighted the challenges facing India's health system and the need for urgent reforms. It has also underscored the importance of investing in social protection systems and building resilience to future shocks. As India continues to grapple with the pandemic.
