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The largest democracy was facing a good and prospers growth in the term of economic with the expected GDP 4.8 % to 5% in 2019-2020. But with the aim of achieving the 5 trillion economies, Indian economy focuses on the all aspect of their own economy. Companies got a drastic growth in the Indian economy and FDI goes on hike. Various sector like manufacturing grow with the speed of 3.9% in 2019. Govt. also focuses on the growth on MSME. But Pandemic comes (The covid-19) company even whole world got locked in their homes ,destroyed all the various beautiful dreams, and gives a shock to whole word, expert said the pandemic comes from city Wuhan of china. Moreover, china was the first city where the first report of covid comes from. However, slowly it is takes places or gives its presence to whole world; Even India is also suffering due to this pandemic (covid-19). Covid-19 drastically attack the mostly to European countries like U.S.A, Italy etc. Now a day with this covid- 19 world facing lots of problem with life and economy of a country. Even the largest economies like U.S., china, etc. also facing a problem of crises. Expert suggest the lockdown is the best measure for tackle from this problem ,so all the world go with the expert the whole world locked their whole country , they stop their all manufacturing plant and service sector as well , the whole world just look like an hanged computer, all the aviation be stop due to spreadable pandemic. All countries stop their tourism sector also which may cause a drastic deplete in the money income of a countries because the country like India who earn or largest contribution in Indian G.D. P. by service sector faces a lots of problem. Various jobs are also cut down due to this covid. The daily wages worker also feels scarcity of money and food. Govt. takes major steps for tackle the problem but it is very difficult with the country with second largest country to solve this problem very quickly. Everybody wants to remove from this pandemic even whole world try to find out the vaccine of this pandemic, but process is still going on. But life is not easy after these diseases, not easy to come back to whole world to come in same track as earlier.
LIFE AFTER COVID19 wills not easy, it’s not easy to
start all aviation sectors in one day, even all service sectors not easy to
start. In addition, companies like manufacturing unit facing a lots of problem
after covid, to be restart in the aspect to maintain safety and with the less
export –import policy. Even govt. also looks up at once on its EXIM
policies. Safety will still going on even after covid-19 like with
public, A detailed planning activity, where we need to identify which employees
really need to come to work, even after the lockdown or after this
pandemic. And world gets a new digital
way to work from home even the developing countries like India also give their
presence or their enthusiastic in going a work though a digital medium. But
it’s also true that many of people lose their jobs due to this.
Social distancing
is still going on even after this removal of diseases; even companies also
adopt such kind of measures. Companies also facing a problem of exchanging of good due to less
transport activity , because it’s not possible to restart the all the
transportation services very quickly , govt. should take better step in this
scenario.
BUSINESS SCENARIO NOW AND AFTER COVID19:-
If we talk
about GDP growth of Q1 of December 2019 then it goes down to 6-year low.
Manufacturing sector takes a hit. Fiscal Deficit not in the hand of our Govt.
There is
a three types of Economic curve occur due to covid19.
1. V- CURVE: - Which means Firms or business unit initially facing
problems due to novel corona virus, but due to faster adoption of technology
and new process achieve its Boom.
2. U-CURVE: - Firms or business unit initially start falling and face losses
for some time but same they start achieving prosperity.
3. L-CURVE: - Firms or business unit initially start falling and
continually facing a losses.
Ø Winner Industries :-( in covid and
after covid.) (V-curve
· E-commerce Market Places
· Entertainment, streaming and Gaming.
· Logistics and Delivery
· Video conferencing
· Non-cyclical Business (work on
consumer essential goods).
· Pharmaceutical Business. ( Inelastic
demand)
Ø Loser Industries :-( in covid and after covid)
· Airlines
· Travel
· Cruise
· Investment Banker
· Economy and Share Market Tourism
· Oil and Gas
· Construction and many more.
Ø In Betweener Industries
· Banking
· Education
· Health care
· Manufacturing
Economy
like India and its business unit can regain its energy or previous prosperity
only with the maximum buying behavior of people, because we know that country with second largest
economy start buying then it would definitely help the country to regain its
economy back on the track.
Consumption comes from personal
disposable Income i.e.
Personal income – personal Tax
Liability = Personal Disposable Income
(Rs.1 lakh) (Rs. 20,000) (Rs. 80,000)
When this personal Disposable Income is
increases then economy will also be
increases .But due to this corona virus peoples start saving Instead of
consume. So PDI will decreases now and even Future also which may affect the
economy as a whole.
Due to less
money, banks are also not able to give loan to corporate, then corporate try to
take loan from NBFC. But due to Pandemic corporate may be they fail and not be
able to pay the Interest or whole amount of this Non-Banking Financial
Institution. Then NBFC. May also face losses in coming Future or Even now also.
Therefore,
due to this pandemic Poor Balance sheets may also be created of NBFC AND BANK,
CORPORATE AND MSME.
Govt. may
also take some important step in corporate sector by cutting down the tax cut
to Rs. 1.45 Lakh crore. However, in country like India where there is a less
(2%) number of corporate sector is doing their business. Therefore, this step
may not be too helpful for increasing the PDI of whole country. Income of Farmers, Public, Labour and
villagers will not be boost up so due to this way people try to save more than
expense, even upcoming future they continue to save more until reach to their
stable position.
Suggestion: - Adopt technology, new process and move towards growth and success.
Keep it up bro👌
ReplyDeleteKeep it up brother
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