September 22, 2020
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Coronavirus and its impact on the economy?

What is Coronavirus?

Coronavirus is a large family of viruses which may cause illness in both animals and humans. The people who get infected with COVID-19 may experience mild-moderate respiratory illness. Older people and those with an underlying medical problem like diabetes, cardiovascular disease and cancer are more likely to develop serious illness.

COVID-19 affect different people in different ways. There are many symptoms:

Most common symptoms:

  • Fever
  • Tiredness
  • Dry cough

Less common symptoms:

  • Aches and pains
  • Sore throat
  • Diarrhoea
  • Headache
  • Conjunctivitis
  • Loss of taste or smell

Serious symptoms:

  • Difficulty breathing or shortness of breath.
  • Loss of speech or movement.

Preventative measures we can take to fight against coronavirus :

  • Avoid touching your face.
  • Stay home if you feel unwell.
  • Cover your mouth and nose when coughing or sneezing.
  • Maintain at least 2-meter distance between you and anyone who is coughing and sneezing.
  • Wash your hand with soap and water, or use alcohol-based hand rub.
  • Refrain from smoking, alcohol and other activities that weaken the lung.
  • Before putting on a mask, clean your hands with alcohol-based hand rub, soap and water.
  • Cover mouth and nose with mask and make sure there are no gaps between your face and the mask.

Countries get badly affected by Coronavirus

Many countries in the world get badly affected by a coronavirus. Countries like the USA, Spain, UK, Italy, Russia, France, Iran, China and India get badly affected by coronavirus and USA has most confirmed cases in the world.

Coronavirus impact on Indian economy

The COVID-19 pandemic is the defining global health crisis of our time and the greatest global humanitarian challenge the world has faced since World war ll. The virus is spread widely all over the world and government taking the initiative that virus is not spread rapidly. The Indian government has moved quickly for the lockdown to prevent the slow spread of the virus.

According to survey, COVID-19 is has a ‘deep impact’ on Indian businesses, over the approaching month’s jobs are at high risk due to firms for a few reduction’s in manpower.

Let us see sector-wise impact on Indian industry :

  • Pharmaceuticals Industry: India is one of the top formulations of drug exporters in the world, the pharma industry of India relies heavily on import as of bulk drugs. Due to the coronavirus outbreak, it will also be impacted
  • Textile Industry: Textile factories in china have halted operations that in turn the export of fabric, yarn and other raw material from India.
  • Tourism and Aviation: Due to the coronavirus outbreak, tourist from other regions to India will lose that will impact the tourism sector and revenue.
  • Electronic Industry: India’s electronic industry supply disruptions, production, reduction impact on product prices because of highly dependence on electronic component supply.
  • IT Industry: The Indian It sector get its revenue from US and European markets. Its fortunes linked to the economic well-being of the economies of the western hemisphere. Impact of the coronavirus pandemic many IT project may take hit with customers.

The positive impact of Coronavirus Lockdown in the environment

The coronavirus pandemic brought many changes in the environment. The air has become cleaner, water bodies now not get more polluted and pollution level has fallen.

Nitrogen dioxide is a toxic gas that is emitted from the engines of cars, trucks, buses and from factories. World Health Organization states that if this gas is more in concentration than 200 micrograms per cubic meter then it can cause an enormous inflammation in your breathing pipe which can lead to problems like asthma.

Now, due to this lockdown, the number of cars plying on the roads become less, factories have shut down and hence, in the cities all over the world, the concentration of nitrogen dioxide fallen down drastically.

Dr P.K Mishra, an IIT professor in BHU states that a 40-50% improvement has been seen in the water quality of the Ganga.

This are 2 positive changes we can see in environment and there are more positive changes.

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