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Showing posts with the label Economy

Impact of COVID19 On Employment.

Corona virus outbreak was first reported in Wuhan China on Dec 2019. Wuhan is the capital of Hubei on 11 March 2020 WHO recognize  it as pandemic. As on 04.06.2020 more than 216919 cases have been confirmed in India and more than 6075 death. According to the many surveys COVID 19 puts maximum impact on world economy. Today Indian economy becomes globalize so it also faces maximum impact. There are million of people lost their job during the second wave of pandemic because most countries that has been suffering from COVID 19 imposes lockdown in their country. Due to lockdown most function of business like Production, Supply, Warehouse, trade, sell become minimum.  According to Centre For Monitoring Indian Economy there are 5.59 million salaries employees lost their job during the month of March and April in India.  There are many sectors in which people lost their jobs. These sectors are Hospitality, Aviation, Travel and Tourism.  There are many sectors in whose new j...

New concept of Micro Small and Medium Enterprise MSME

Micro enterprise- The enterprises that have 1 crore investment and turnover is up to Rs 5 crore is called micro enterprise. Small enterprises-  The enterprises that have 10 crore investment and turnover is up to 50 crore is called small enterprise. Medium enterprise- The company that have up to 50 crore investment and turnover up to 250 crore is called medium enterprise. This article is also useful for CAT/MAT other competitive examination.

Recovery of Indian Economy

According to Elara securities Inc.There are five states Kerala Punjab Tamil Nadu Haryana Karnataka that contribute 27 percentage of the countries GDP are leading a recovery in the economy after the world's biggest Lockdown.