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- Title
Cataclysm of COVID- 19 on Indian Economy: Government Defies.
- Authors
Barbate, Vikas A.; Aher, Dilip Nana; Kunte, Bhagyashree; Mirchandani, Deepika
- Abstract
All humans, all of mankind in the world is now fighting against the Corona virus epidemics known as Covid-19. It is thought the first case of this COVID-19 was reported in Wuhan city (China) in December 2019. As of now, when this paper is being written due to this virus the number of cases reported is more than 1 crore throughout the world. The government of each country has started taking precautionary measures to take remedial actions against the Corona virus by closing their seaports and airports and locking down at the local and national level. They have even halted import and export activities, too. In India, the number of total cases reported as of now are sky-rocketing despite the lockdown started by the Indian government, which has set lockdown from 22nd March 2020. The total days of the lockdown until unlocking is around 100 days. Within 100 days, India has suffered a lot of problems and been adversely affected largely in manufacturing, service, and supply chain activities because of negative influence of the COVID- 19 virus. The Indian economy has also been affected negatively in terms of the GDP of the country. COVID- 19 has affected everything around the clock, such as promoting a rapid rise in unemployment, a decrease in government income, stress on supply chain management, a plunge in fuel consumption, the collapse of the hotel and tourism industries, the collapse of hospitality, reduced consumer activity, and global recession in the supply chain, import and export business etc. The present paper discusses the influence of COVID- 19 on the Indian market operations, such as employment, the service industry, and SCM in India.
- Subjects
INDIA; WUHAN (China); SUPPLY chain management; SERVICE industries; VACCINE manufacturing; CORONAVIRUSES; TOURISM; ENERGY consumption; STAY-at-home orders; HUMAN beings
- Publication
International Management Review, 2022, Vol 18, Issue 1, p45
- ISSN
1551-6849
- Publication type
Article