COVID-19 cases in India have crossed 200000 mark and death toll crossed 8,000. First Corona case was reported in Wuhan in China on 31st December of 2019. Then it started spreading all over the world. Very swiftly it became a pandemic from an epidemic. Currently more than 200 countries and territories have been reported with novel corona virus pandemic. The corona outbreak has badly affected the world in many ways. The education system, social structure and specially the world economy have got severely affected by this pandemic. Even the first world countries are also suffering. Our country is a third world country which is also badly affected by this virus.
Corona Virus is a new kind of virus which has not been found in human body ever before. It is a large family of viruses that causes illness in human body and the symptoms are very ordinary such as fever, sneezing, respiratory problems etc. Many people are being diagnosed with this virus, who are not even showing any kind of symptoms. The doctors and the scientists are really working extremely hard to provide the vaccine as soon as possible. If the vaccine or medicine can not come any soon, many countries’ economy will be fully destroyed.
The impact of the pandemic has been felt across the industries and the outbreak got declared as a national emergency. Indian economy has got severely affected by this pandemic. The Indian government had issued the first lockdown on 25th March. The lockdown was necessary so that we can stop community spread of the virus in India. But due to the lockdown many business companies are suffering a lot. The poor people who do not have a stable job have lost their livelihoods since they do not have anything to earn anymore. So many poor people and migrant workers took their lives out of depression since they lost their jobs and have nothing to do anymore.
The well to do or the big companies are also suffering and struggling a lot to save their economy in this lockdown. The employers are not getting their salary to provide salary to their employees. So that some of the companies are eliminating some of their employees from the companies to reduce the load of clearing their payment. Some of the companies are even working in this pandemic because they have no options left for them, if they do not work the entire company can collapse. Many jobs are at high risk in this corona outbreak.
Though the government employees are getting their salary inspite of not working on site, there is no certainty how long they will be provided with this facility. Some of the government jobs are also at really high risk. After the government announced the economic package, some of the business sectors got some relief but there are still companies which are still suffering. If not very soon any relief fund is initiated or if they do not get the permission to work on sites then these companies will completely collapse, which will badly affect our economic system.
Eduindex News 