സി.സി.പി.എൽ.എം.എ.ഐ.എച്ച്.എസ്. പെരുമാനൂർ/അക്ഷരവൃക്ഷം/COVID-19 AND ITS IMPACT ON INDIAN CITIZEN AND ECONOMY

• COVID-19 AND ITS IMPACT ON INDIAN CITIZEN AND ECONOMY

COVID-19 AND ITS IMPACT ON INDIAN CITIZEN AND ECONOMY The corona virus is spreading whole over the world. With the number of COVID-19 cases leaning dangerously more than 200,000 and the worldwide death toll crossing more than 8,000, the World Health Organization (WHO) declared the virus outbreak a pandemic in the second week of March 2020, four months after the novel virus first made headlines. Nearly 162 countries are steadily going into lockdown and among them India has done a great work to fight against corona virus. Due to increase in the corona virus suspects in the country, the government declared a lockdown whole over the country and it has started yielding results. The number infected people in India is decreasing considerably. But this period of time is literally a bad time for the Indian economy. With rising unemployment, interest rates, and fiscal deficit, the economy in India has seen better days. Adding fuel to this fire is the novel Coronavirus that is sending tremors down Indian trade markets dependent on China for imports. Nearly 55% of electronics imported by India originate from China. These imports have already slid down to 40% in light of the coronavirus outbreak and subsequent lockdown. As a countermeasure, India is considering the promotion of indigenous production in a bid to reduce dependency on a single market. Additionally, China is India’s third largest export partner for export of raw materials like organic chemicals, mineral fuels, cotton, etc.; and a lockdown of the countries is likely to lead to a substantial trade deficit for India Due to the rapid increase of the corona virus in the country, the poor people in the country are also suffering from poverty. The scarcity of food and shelter is a major problem faced by the slums in the country. The tourism sector in India is also facing a big problem because of corona. India is big on cultural and historical tourism, attracting domestic and foreign nationals throughout the year. It does not come as a surprise that a large number of confirmed COVID-19 cases in India include foreign tourists. But with visas being suspended and tourist attractions being shut indefinitely, the whole tourism value chain, which includes hotels, restaurants, attractions, agents, and operators is expected to face losses worth thousands of crores. Experts believe the tourism industry is likely to take a massive hit, and it could end up crippling the industry for the foreseeable future. Even though India has so few covid - 19 cases compared to other countries, the government is still aware about it and the government is taking certain essential steps to avoid covid 19 and poverty in the country. To overcome from this complicated situation Indian citizens are also co- operating with the government and this can help our country to overcome such an economical critics. അൽകാ അനിൽ കുമാർ 9 A സി.സി.പി.എൽ.എം.എ.ഐ.എച്ച്.എസ്.പെരുമാനൂർ എറണാകുളം ഉപജില്ല എറണാകുളം അക്ഷരവൃക്ഷം പദ്ധതി, 2020 ലേഖനം  സാങ്കേതിക പരിശോധന - Anilkb തീയ്യതി: 20/ 04/ 2020 >> രചനാവിഭാഗം - ലേഖനം