Economic impact of covid-19

COVID-19 became the most spreading disease in the world. By the impact of COVID-19, so many countries put a lockdown down for a long. It results in a lack of production and distribution of goods, unemployment, scarcity for food. Nearly one core of people we’re affected by Covid-19. Many of them died. Scientists and doctors we’re working hard to find a vaccine for the corona virus.

In the tough time of curfew, daily wages people like construction workers, street workers would face unemployment. Their lives we’re moving with their daily earnings, but now there is no work for them. They were struggling for their basic needs live foods. Another impact on COVID-19 is unworkable factories. The manufacture and distribution of goods were stopped it reflects that in the future, India will face the economic crisis. Imports and exports were stopped by the impact of COVID-19. Oil and Natural gas need also reduced because of the lockdown, there is no need for a vehicle to the people. This, the import of Oil and Natural gas also reduced. Now, the import and export were starts with some restrictions by the Government. And some other businesses were allowed to begin to balance the economy.

Our Indian Finance Minister, Mrs.Nirmala Sitharaman, announced the new plan called Atmanribha Bharat Abhiya to improve the lives of the people. By this plan, many of the minor business and self business people will be gain.