IMPACT OF COVID-19 IN DIFFERENT SECTORS

         

            EFFECT OF COVID-19 IN DIFFERENT SECTORS 

 A t this time most of the people are infected by this  corona    virus disease in across 185 country. All the domestic and international air travel, running of trains and inter-state buses for public transport has been prohibited in lock down.Demand for online shopping and entertainment has also increase as people staying indoor. various industrial sector has highly impacted and falling operation level gradually.

  IMPACT ON VARIOUS  SECTOR

Investors fear the spread of the corona virus will destroy economic growth &  also many business are expected to be cut down like

• Tourism and aviation

• Automobile

• Drugs and pharmaceutical

• Textile Industry

• Banking sector

• Information technology

Banking Sector

The total exposure of banks to corona hit sectors is in excess of Rs 11 lakh crore

Reserve bank of India estimated that NPA (mean's loan or advance in default to pay) non performing asset may increase to 10.2-10.5% by September 2020 onward

All the sectors where banks lend to, such as Micro small and medium enterprises , hospitality and airlines, are badly hit by the corona virus crisis.

Tourism and Aviation

The Indian tourism industry is expected to book a revenue loss of Rs 69,400 crore.

The aviation sector has also been impacted by the spread of corona virus and many travelling related like train,metro air travel and public services has been impacted due to Corona virus disease The temporary suspension of flights to China and Hong Kong would lead to domestic carriers missing out on gross revenue target

Automobile Industry

Automobile industry contribute 15% tax collection to the government and around 8% to the country GDP..........

The impact would depend on the extent of their business with China and demand for commercial vehicle will be dependent on growth  material product which is expected to be slower.Demand for car is likely to be dropped due to lower (disposal income means after paying taxes) and higher prices

Drugs and pharmaceutical

India is one of the top formulation drug exporters in the world and 24% of medicines and 31% of medical ingredients were imported from India.

due to corona virus disease The price of vitamins and penicillin have increased by 40 50 % in India

To control the drug shortages that occur often companies will reassess their strategies on the primary and secondary market for manufacturing.

Textile

 Due to corona virus around 1 crore jobs has been cut in the sector of textile.and apparel garment retailing has decline by 59% due this pandemic disease.

Many garment or textile factories adversely affecting exports of fabric, yarn and other raw materials from India. Due to slowdown of goods and revenue the textile industry get hampered and the cotton farmers facing various problems 

EFFECT OF COVID-19 IN DIFFERENT SECTORS IN PICTURE FORMAT:-

Some precaution need to be follow.......

1.Clean your hands with an alcohol-based hand rub or wash them with soap and water.

2. Maintain at least 1 metre (3 feet) distance between yourself and others 

                      Avoid going to crowded place

                 Avoid touching eyes, nose and mouth

Mark your Review in comment sections..

WRITTEN BY :

SUNIL SAINI

sunilsainisocial@gmail.com,