Impact of COVID 19 On Business

 Corona virus outbreaked in Wuhan China on December 2019.Wuhan is the capital of Hubai that is an important state of China. World Health Organization recognized it as pandemic on 11 March 2020.

COVID 19 is an infectious diseases caused by a newly discovered Corona virus. Most people infected with the COVID 19 felt mild to moderate respiratory illness and recovered without a special treatment. Older people and other disease suffered people felt serious illness

The first wave targeted elderly people. The second wave of COVID 19 is targeting young and old people. 

According to World Health Organization the number of total case is 161162,786 and the number of people who died from COVID 19 is 334577.

 There are more than 150 countries that have been suffering from this pandemic.The maximum affected countries of COVID 19 is U. S. A. Brazil, France, Turkey, Russia, U. K. Italy, Spain, Germany, Argentina, Colombia, Poland, Iran, Mexico, Ukraine, Peru, Indonesia and India. 

 India is also affected maximum because it is the second largest country of the world on the basis of population. Its health infrastructure is also not able to face this type of pandemic. The total case of COVID 19 patient is 23,703,665. The total death of COVID 19 suffered patient is 258351. It is an official data that is recored from Hospitals. There is 65 percent people live in village and this pandemic spreads in village so we can forcast what type of problems India faces these days. 


It arises many problems before the government of all counties of the world because it affects the function of business maximum. India is the fifth largest economy in the world. It also plays an important role in the growth of world's economy so if the growth of India affects it is naturally the growth of world affects. 

There are many international agency and organization like CRISIL, Nomurla, Fitch said that the business of India affects due to COVID 19 but it's impact is lesser than the impact of first wave. 

There are many equipments that is used in the product that has global shortage so production of many products affects in India

Ex- There is global shortage of micro processor that is no available in the global market so the production of vehicles affects in many countries. 

There are many organization that published their data every month. With the help of data we can say that the business of India affects due to COVID 19.

Ex- According to Society of Indian Automobile Manufacturing there is 10 percent selling decrease in the month of April 2021 with the compare of March 2021. The sale of two wheelers Vehicle also affects. There  is 33 percent less two Wheeler's sell in the April 2021 in the compare of March 2021. The number of selling two wheelers is 14,96,806 in the March 2021 whereas the selling of two Wheelers is 9,95,097 in the month of April 2021.

The selling of three Wheelers also affects maximum. The selling of three wheelers is 13,728 unit in March 2021 whereas the selling of three wheelers is more than 5000 so there is 57 percent selling decreases in the area of three wheelers. 

Maruti Suzuki is the largest car maker of India. They also accept there is 4 percent decline in total sales of company in the month of March 2021.

There are many M. D., C. E. O. also accept that COVID 19 affects their business. 

Besides above India provide online human resource force to many countries like U. S a. U. K. In the area of Information Technology, Financial services etc. The young generation of India face COVID 19 so their concern organization face problems. 

So according to my opinion every government should make a global policy, rules, regulations and law to face the problem that is arisen due to COVID 19. They should also creat a strong investment climate so every company recovers from the impact of COVID 19 and perform it's function by an effective efficient way . 

Comments

  1. Acharyakulam world schoolMay 13, 2021 at 8:11 AM

    Amid the ongoing covid -19 crises in india,indian economy system such as service and manufacturing sectors have been detroited due to the covid-19 infection .Indian govt.has to do something of these sector such as finincial aid , subsidy etc.to revive of the sector .

    ReplyDelete
  2. UnknownMay 13, 2021 at 8:50 AM

    I am agree with your opinion. It is the time to make global policies.

    I appreciate your blog, and become very glad to read this.

    ReplyDelete
  3. RavinaMay 13, 2021 at 10:41 AM

    Due to huge affect of Covid 19. All the business are suffering alot as most of the shops are being closed. Something should be done to come out of this soon.

    ReplyDelete
  4. UnknownMay 22, 2021 at 9:50 AM

    Covid 19 effect our economy system.many of employment also lost their job(gaurav)

    ReplyDelete
  5. UnknownMay 23, 2021 at 7:09 AM

    Nice
    (Raj Shree) Bihar Muz

    ReplyDelete
  6. UnknownMay 25, 2021 at 3:02 AM

    Very informative
    (Annie kiran)
    Muz. Bihar

    ReplyDelete
  7. #Roushani shroff June 3, 2021 at 11:07 AM

    Good

    ReplyDelete

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