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Showing posts from October 10, 2020

COVID 19 - Impact On Indian Economy

India faces a huge decline in Government revenues and growth of income for at least two quarters as the Coronavirus hits economic activity of the country as a whole. A fall in investor sentiment impacts privatization plans, government and industry. Economies of about 100 countries have been destroyed out of which some of them have asked for monetary help from IMF.  There is a big shift in the world economic and the share market witnessed crashes day by day. Fear of corona virus has restricted the movements of the people. They are not even going out to buy essentials thus effecting the economy of the world as a whole.  The lockdown in India have a sizable impact on the economy mainly on consumption which is the biggest component of GDP. It has disrupted the global supply chains and this is generating spill over effects throughout different levels of supplier networks. This will impact countries that are strong exporters (no output for their local companies), but also those that are impo