Topic: COVID-19 Impact on the Indian Economy - page 4. (Read 1196 times)

AakZaki is right. Incompetent governments deserve to be blamed. Poor India? 3rd world country does not automatically imply that the country is poor. Do your research.

I guess you have no idea regarding the financial situation of Italy and Spain pre-COVID. Both these countries are developed, but they have been struggling with debts piling up for sometime now. Countries like India are in a better position in comparison.

Here in Indonesia also, the economy is in tatters, and therefore I don't expect nations such as India to do much better. Even developed nations such as Italy and Spain have gone to recession as a result of this pandemic. At this point, how the third world nations such as India and Indonesia are going to perform any better? And the worst part is that the peak is yet to come.

The impact of economy varies from country to country, from what I can deduce, the impact only differs from how a country's preparation in this unexpected time of pandemic, my country was hit really hard and the government here are prioritizing different policy instead of the welfare of most people. I agree that third world countries are at risk, they are the most vulnerable not just to the pandemic but also to the political maneuvers that a superpower may benefit, this donations that came from this country are not out there out of sincerity, this donations are a bridge to ulterior motive.

Look how stupid people now creating account and going to Hijack other threads just to promote their Blogs or sites?
get out of here stop this work and create your own thread.


Thats the sad part and not only India but almost whole world are deep into this,so lets be productive to help our self and the government.

sorry but you sounded like your one of those who demand for the governments  . there are others that are worster because they blame all problems to the government  .   government can only help supply some goods and money but government dont have the power to stop the covid but that is already the people turn or the individuals turn if how can they protect them selves in order to not get caught by the virus   . anyway  , poorer countries like india are the one can be affected by this virus the most  , we shall give our support to them if we have any

The positive impact that I felt during this pandemic was only the time I had, more time for my family and staying at home. exchange ideas in the living room with people at home.

But the negative impacts are certainly more numerous and make all people around the world affected. Many companies that do mass layoffs, companies closed and can not live normally as the world before the pandemic occurred. The economic crisis is a problem for all countries and indeed it is not only India.

The government really has to handle the pandemic completely so that this pandemic ends soon, quarantine and treat people who are positively exposed to the corona virus to break this evil corona virus.

The Covid-19 epidemic affects not only India's economy but also the entire world economy. But now in India the epidemic situation is complicated. The number of infected cases increased sharply. The economy of this country will be reduced, people's lives will be miserable! As the economy is poor and unemployment rises, India's growth forecast is expected to fall to its lowest level in 30 years.

The impact of covid19 in my country is big struggle because like other countries also india people's are jobless and there's a little open establishment operated . The only thing that can do is make a small farm in my backyard and plants some vegetables and wait for harvesting as my save food because i also jobless and i need to find a extra income in online. Someday India and all countries affected of this pandemic will be recover soon.

Actually this is very sudden not only in India but also in some Asian countries mate,In our country we are in the same situation now in the effect of COVID19

Some of my Friends had lost their jobs and the hard part is they have no funds to start with because of all the expenses they have from the pandemic and now they are struggling to live a life that far from their former life.

Hope India and my country will recover from this Burden.

Yeah, not only India, COVID-19 really hit the economy of all the countries especially the 3rd world country. Our economy is already down right now and has a lot of problems. Our lawmakers right now are making some non-sense bills that are not very reliable during the health crisis. I really like how some countries like Taiwan and Vietnam handled the health crisis and now have 0 confirmed cases. Our country has a lot of debts right now and I don't know how they will pay those and obviously we're the one, taxpayers, who'll pay it.

The impact on all the industries and businesses will be affecting all the person in the world and moreover for the people who are poor and are the daily wage earner.  Because of their daily job they could fulfil their small dreams of getting the basic food to eat 2 times the day and just a shelter somewhere and couple of clothes to wear. For such people this is the biggest challenge and the also the government has to ensure such people are taken care of via different policies and ensure they get some work.

I must admit that covid-19 really took a big hit on our economy, not just in India but the world economy itself are suffering and it's a lesson learn to very countries to make a bold action so that this will not happened again.  Third world countries are most at risk to this pandemic as it's really hard to recover to all losses especially to their medical sectors that should be given the priorities to fight and defeat covid-19 as quick as possible.  We can heal as one nation and help each other to overcome this unseen enemy for us to withstand the adversaries that covid-19 brought to the world.

First, COVID-19 is a global problem and it is faced by almost all countries in the world. It gives impacts to all countries, not only in India.
Second, the impacts of COVID-19 are not only for the health sector, but it has been increasingly expanding to various other sectors such as economic and financial sectors, industry, mental health and psychology, education, activities, and various other sectors. It can be said that this makes a global crisis.

We can see the chart below that reflects the impact of Covid-19 on the recession of advanced economics in several big countries, moreover in the developing countries. It will give bigger impacts on society and moreover about the economic crisis.



The decline as shown on the chart is considered worse than what happen in the world since the 1930s. Although probably there are still positive impacts of this pandemic, the negative is more than it.

Source:
https://www.bbc.co.uk/news/business-51706225

We all know that India is the 2nd largest population in the world, but they are not that a well-developed. They are called "lower-middle income country/South Asia", although they have a lot of business public or private they are still one of those developing countries.

SOURCE:
https://economictimes.indiatimes.com/news/economy/indicators/world-bank-to-change-classification-of-countries-india-will-now-be-called-lower-middle-income/articleshow/52512636.cms

The Covid-19 in their country is spreading really fast because of those stubborn citizens. Hopefully, they can make their community well disciplined so that the cases can be lessen and by that, they can now take some actions related to their economy just like making a "new normal" where they can open businesses but only for limited time and customers.

COVD pandemic left consequences on world economies in general but poor and underdeveloped countries are especialy affected.
Unfortunately, India is among them and many people there  found themselves in extreme hard conditions.
It's a country that even before that had big problem with hungry people and I saw in the news that after pandemic about extra 2 million people might suffer from starvation. That are huge, terrible numbers and I don't see how countries like India could solve that problem.without external help.

CoVID-19 impact on the Economy all over the world, but we still need do something to make things better
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This is unfortunate for India. All businesses seem to be closing and preparing for a difficult year. This corona virus is an economical virus and it is very contagious. we can only accept pandemics and have the best sense of prevention against it. Staying home and washing your hands often will be the best way to fight the epidemic and prevent it from spreading to more countries. hope that everyone will join hands to combat the covid epidemic so that the economy can return to normal activities.

Indeed, according to official statements by the Government of India, almost all processing plants are in very poor condition due to the coronavirus and have the worst income indicators in the last ten years. accordingly, urban dwellers, whose life was already below the poverty line so far, are in an even worse situation. But if nevertheless returned to the conversation about the Indian economy, it is worth noting the fact that agriculture still managed to show almost 6% growth in agricultural production.

0.2% in the Papers .
One should try and visit any village , go to even a middle class family and ask them how they are doing. Only the government employees are getting their salary, rest people in the private sector are being fired .

People are roaming around looking for a new job ! When there is none. The companies are into big loss and people are taking money from the rich people.

Medical studies needs a practical aspect too , unfortunately I know a guy in the final year who still didn't had the opportunity to learn how to give an injection. The government thinks Quarantine is good , situation is different , Quarantine is making life hell for most people.

They should have done something like :
1 person from the family is allowed to work and free masks would be provided for the same and sanitizers too

I do think one should understand that there are countries which personally called people to make sure they are at home , they gave them sanitizers and masks . Now they don't have any cases since days .

I do think that the pandemic showed us how the government can handle such situations. We need an economic and governmental reset . Most countries does .

The reality is :
The mask that you purchase for 20-40 inr each , is made for 0.50 inr each.
The workers are paid nothing!!

It might seem a little cold to say so but the majority of India is aged under 30, the natural risk to this population on average is not equal to the risk of many aged western populations which may have an average age of over double that.   I think India could even continue to grow during this period and surprise some, its a developing nation still and the path it takes in development is probably still the overriding point to success or failure going forward.


I never thought of India as a great exporter in the way China became, its an epic nation that has alot of demand internally that I assume occurs between regions.    India imports alot of oil for example, it lacks the energy resources some countries have to their benefit so this lower oil price is some positive to them.