Scribd
Upload
84 views12 pages

Covid19 and Economic Crisis

The document discusses the Covid-19 pandemic and resulting economic crisis. It analyzes the impact on several key sectors in India. The pandemic has caused a global lockdown and substantial downturn in the world economy. Several sectors in India like aviation, tourism, and telecom were initially hit hard but have adapted. Agriculture has been less impacted. Pharmaceuticals saw increased demand but disrupted supply chains. Oil demand decreased due to reduced transport but industries are adapting to challenges. The economic consequences of the pandemic have been widespread and severe globally and in India.

Uploaded by

Vaibhav Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
84 views12 pages

Covid19 and Economic Crisis

The document discusses the Covid-19 pandemic and resulting economic crisis. It analyzes the impact on several key sectors in India. The pandemic has caused a global lockdown and substantial downturn in the world economy. Several sectors in India like aviation, tourism, and telecom were initially hit hard but have adapted. Agriculture has been less impacted. Pharmaceuticals saw increased demand but disrupted supply chains. Oil demand decreased due to reduced transport but industries are adapting to challenges. The economic consequences of the pandemic have been widespread and severe globally and in India.

Uploaded by

Vaibhav Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 12

Covid-19

and
Economic
crisis
Covid-19 pandemic
• COVID-19 is the disease caused by a new coronavirus
called SARS-CoV-2.
• The new and ongoing coronavirus (COVID-19)
pandemic, caused by a new strain of coronavirus, has
resulted in extraordinary measures around the world to
contain, slow the pace, or reduce the impact of the virus
• .This pandemic has caused a global lock down
• The current circumstances has caused a substantional
impact and has lead to the major downfall of the world
economy
Economic crisis
• A financial crisis is any of a broad variety of situations
in which some financial assets suddenly lose a large
part of their nominal value.
• In the 19th and early 20th centuries, many financial
crises were associated with banking panics, and
many recessions coincided with these panics.
• Other situations that are often called financial crises
include stock market crashes and the bursting of other
financial bubbles, currency crises, and sovereign
defaults.
Covid impact on the
economy
•While there is no way to tell exactly what the economic damage from
the global COVID-19 coronavirus pandemic will be, there is
widespread agreement among economists that it will have severe
negative impacts on the global economy.
• Early estimates predicated that, should the virus become a global
pandemic, most major economies will lose at least 2.9 percent of
their gross domestic product (GDP) over 2020.
• This forecast was already restated to a GDP loss of 4.5 percent. To
put this number in perspective, global GDP was estimated at around
87.55 trillion U.S. dollars in 2019 – meaning that a 4.5 percent drop
in economic growth amounts to almost 3.94 trillion U.S. dollars in
lost economic output.
Global economic impact
Covid impact on indian
economy
• The impact of coronavirus pandemic on India
has been largely disruptive in terms of economic
activity as well as a loss of human lives.
• Almost all the sectors have been adversely
affected as domestic demand and exports
sharply plummeted with some notable
exceptions where high growth was observed.
• An attempt is made to analyze the impact and
possible solutions for some key sectors.
Food and agriculture sector
• Since agriculture is the backbone of the country and a part of
the government announced essential category, the impact is
likely to be low on both primary agricultural production and
usage of agro-inputs.
• Several state governments have already allowed free
movement of fruits, vegetables, milk etc.
• Online food grocery platforms are heavily impacted due to
unclear restrictions on movements and stoppage of logistics
vehicles.
• Insulating the rural food production areas in the coming weeks
will hold a great answer to the macro impact of COVID-19 on
Indian food sector as well as larger economy.
Avitation and tourism
• The contribution of the Aviation Sector and Tourism to our
GDP stands at about 2.4% and 9.2% respectively. The Tourism
sector served approximately 43 million people in FY 18-19.
• Aviation and Tourism were the first industries that were hit
significantly by the pandemic. The common consensus seems
to be that COVID will hit these industries harder than 9/11
and the Financial Crisis of 2008.
• These two industries have been dealing with severe cash flow
issues since the start of the pandemic and are staring at a
potential 38 million lay-offs, which translates to 70 per cent of
the total workforce.
telecom
•There has been a significant amount of changes in the telecom
sector of India even before the COVID 19 due to brief price wars
between the service providers.
• Most essential services and sectors have continued to run
during the pandemic thanks to the implementation of the ‘work
from home’ due to restrictions. With over 1 billion connections
as of 2019, the telecom sector contributes about 6.5 per cent
of GDP and employs almost 4 million people.
• Increased broadband usage had a direct impact and resulted
in pressure on the network. Demand has been increased by
about 10%. However, the Telco’s are bracing for a sharp drop in
adding new subscribers.
pharmaceutical
• The pharmaceutical industry has been on the rise since the
start of the Covid-19 pandemic, especially in India, the largest
producer of generic drugs globally. With a market size of $55
billion during the beginning of 2020, it has been surging in
India, exporting Hydroxychloroquine to the world, esp. to the
US, UK, Canada, and the Middle-East.

• There has been a recent rise in the prices of raw materials


imported from China due to the pandemic. Generic drugs are
the most impacted due to heavy reliance on imports, disrupted
supply-chain, and labour unavailability in the industry, caused
by social distancing.
Oil and gas
• The Indian Oil & Gas industry is quite
significant in the global context – it is the
third-largest energy consumer only behind
USA and Chine and contributes to 5.2% of the
global oil demand. The complete lockdown
across the country slowed down the demand
of transport fuels
Thank you
By- Vaibhava Agarwal
Class 11C

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy