Beginners guide to Greek mythology!

If you are like me, you love greek mythology and everything that comes with it, the lies, the betrayal, the love and tragedies.
So what better way to know more about Greek mythology than starting with the Olympians.

  • 1) Zeus:

An ancient Greek god, who is known to a sky, weather god. He is a thunder god who rules the other gods of Mount Olympus. 

The youngest child of Titans Cronus and Rhea, who overthrew his father and rescued his other siblings who were swallowed by their father.

He later drew lots with his brothers, and won the lot and became the supreme ruler. He is married to Hera but has had many affairs. 


  • 2) Poseidon

Brother of Zeus. after the overthrow, won the sea portion and became the lord of the sea.

He married Amphitrite.

His weapon is a trident that can shake the earth and shatter anything.


  • 3) Hades

Known as the god of the dead and the king of the underworld.

He was the eldest son.

Hades received the underworld based on the lot. Hades is often portrayed with a three-headed guard dog called Cerberus.

Hades obtained his wife and queen, Persephone, through abduction at the behest of Zeus.


  • 4) Hestia

Hestia is the virgin goddess of the hearth.

She is the firstborn child of the Titans.


5) Hera

Wife and sister of Zeus.She is the protector of marriage and marriage women.

Her scared animals are cows and peacocks. Her favourite city is Argos.


  • 6) Ares

Son of Zeus and Hera.

He is the god of war.

His animal is a dog and the bird is a vulture.

He was caught in an act of adultery with Aphrodite.


  • 7) Athena

Daughter of Zeus.

She is fierce and brave in battle but, only wars to defined the state and home from outside enemies.

She is the goddess of the city, handicrafts, and agriculture. Her favourite city is Athens, her tree is olive.

She is a virgin goddess.


  • 8) Apollo

Son of Zeus and Leto.

He has a twin sister called Artemis.

He is the god of music, medicine, light, truth. His tree was a laurel, the crow was his bird and the dolphin was his animal.


  • 9) Artemis

Daughter of Zeus and Leto. Her twin brother is Apollo. She is the protector of the young. She also presides over childbirth, which may seem odd for a virgin, but goes back to causing Leto no pain when she was born. She is the goddess of chastity


  • 10) Aphrodite

She is the goddess of love, desire and beauty. Wife of Hephaestus, but was caught in an affair with Ares.


  • 11) Hermes

Son of Zeus and Maia.

He is Zeus messenger.

He is the god of thieves and the god of commerce. He is the guide for the dead to go to the underworld.

He invented the lyre, the pipes, the musical scale, astronomy, weights and measures, boxing, gymnastics, and the care of olive trees.


  • 12) Hephaestus

Son of Zeus and Hera.

He is the god of fire and the forge.

He is the smith and armourer of the gods. He uses a volcano as his forge.

He is the patron god of both smiths and weavers. He is kind and peace-loving.

His wife is Aphrodite. Sometimes his wife is identified as Aglaia.


Reference: https://www.desy.de/gna/interpedia/greek_myth/olympian.html

For more information, one can refer to:

The mind of a philosopher

Introduction:
Philosophy is defined as a set of beliefs which explains the true meaning of life.
Through the years, money is the one thing that I value the most. The main reason being money solves all our problems and it’s the main tool to survive in a competent world like ours. It also helps us achieve what we want and stay ahead in life. Most people may deny this but deep down they know it too. Even if we are in desperate need of money, we need to remember our morals in order to have a clear conscience.


Morals:
Morals help us differentiate between right and wrong. They help us to make decisions which can benefit us and even at times everyone around us. Whenever making a decision, the first thing to keep in mind would be not to hurt anyone , to not be selfish and only think about ourselves but considering others opinions and thoughts would be great. If we have to ever choose between things then it’s better to first understand what they are or what they can do and then listen to others point of view and to keep in mind the consequences of that decision. It’s not easy making the “right” decision but we have to factor in all the possibilities before making that decision and going with our intuition may save the day. To make the right decision, we must believe in ourselves.


From the time I could think for myself, one thing I’ve known is God doesn’t exist. I believe in cleaning up the mess I created and not depend on a non-existential being to solve my problems. I also don’t believe in an afterlife. I believe in the fact that when a person dies he is reborn with a clean slate and nothing of his past life would matter. Even if God doesn’t exist, having faith surround us Is important.


I believe having good and healthy relationships with people, be it our parents or friends or anybody makes our life worth living and adds value to it. For most of us, the purpose of our life is still pretty unclear but leading a happy life would definitely be one of the reasons for existing. Achieving anything in life is easy if we work hard and focus on what we want. Right now, living a financially stable life and having a steady job is maybe something I would like to achieve for myself.


To find the truth, we must check all the facts and being truthful shouldn’t be difficult for anyone. Science gives us all the facts and therefore we must believe In science and not blindly believe in anything people ask us to believe in. My intuition is what helps me decide if it’s the truth or not. It’s what helps me to “know” when things are right and when something’s not right. An example would be knowing the fact that “honesty is the best policy” as whenever we lie, we need to make up more lies to cover the truth but instead of we’re just honest from the start then we wouldn’t get into any troubles and it wouldn’t haunt us forever.

Free will:
Free will is something I do believe in as every person must make a decision for himself and held accountable if it’s the wrong decision as that’s how we learn to make the right decisions and grow. Any choice I make, it’s because I wanted to and not because I was pressurised into making that decision.

Anything which catches the eye is beautiful. Everyone is beautiful. We may not believe that because of these beauty standards but what really matters is a person’s personality. Nature is beautiful. If not for nature, mankind wouldn’t exist. Art usually helps us capture what the eye witnesses. I really don’t believe “extreme” forms of artistic expressions should be censored as I believe everything is beautiful and should be accepted within judgement.


Every person should be entitled to basic human rights. It’s in the name itself. There shouldn’t be any discrimination when it comes to these rights as everyone deserves a voice. Justice is doing right by the people.


Conclusion:
I believe in being true to oneself, helping others and minding my own business. This is something people should really inculcate in themselves.

https://www.britannica.com/topic/philosophy

The mind of a philosopher

Introduction:
Philosophy is defined as a set of beliefs which explains the true meaning of life.
Through the years, money is the one thing that I value the most. The main reason being money solves all our problems and it’s the main tool to survive in a competent world like ours. It also helps us achieve what we want and stay ahead in life. Most people may deny this but deep down they know it too. Even if we are in desperate need of money, we need to remember our morals in order to have a clear conscience.

Morals:
Morals help us differentiate between right and wrong. They help us to make decisions which can benefit us and even at times everyone around us. Whenever making a decision, the first thing to keep in mind would be not to hurt anyone , to not be selfish and only think about ourselves but considering others opinions and thoughts would be great. If we have to ever choose between things then it’s better to first understand what they are or what they can do and then listen to others point of view and to keep in mind the consequences of that decision. It’s not easy making the “right” decision but we have to factor in all the possibilities before making that decision and going with our intuition may save the day. To make the right decision, we must believe in ourselves.

From the time I could think for myself, one thing I’ve known is God doesn’t exist. I believe in cleaning up the mess I created and not depend on a non-existential being to solve my problems. I also don’t believe in an afterlife. I believe in the fact that when a person dies he is reborn with a clean slate and nothing of his past life would matter. Even if God doesn’t exist, having faith surround us Is important.

I believe having good and healthy relationships with people, be it our parents or friends or anybody makes our life worth living and adds value to it. For most of us, the purpose of our life is still pretty unclear but leading a happy life would definitely be one of the reasons for existing. Achieving anything in life is easy if we work hard and focus on what we want. Right now, living a financially stable life and having a steady job is maybe something I would like to achieve for myself.

To find the truth, we must check all the facts and being truthful shouldn’t be difficult for anyone. Science gives us all the facts and therefore we must believe In science and not blindly believe in anything people ask us to believe in. My intuition is what helps me decide if it’s the truth or not. It’s what helps me to “know” when things are right and when something’s not right. An example would be knowing the fact that “honesty is the best policy” as whenever we lie, we need to make up more lies to cover the truth but instead of we’re just honest from the start then we wouldn’t get into any troubles and it wouldn’t haunt us forever.

Free will:
Free will is something I do believe in as every person must make a decision for himself and held accountable if it’s the wrong decision as that’s how we learn to make the right decisions and grow. Any choice I make, it’s because I wanted to and not because I was pressurised into making that decision.

Anything which catches the eye is beautiful. Everyone is beautiful. We may not believe that because of these beauty standards but what really matters is a person’s personality. Nature is beautiful. If not for nature, mankind wouldn’t exist. Art usually helps us capture what the eye witnesses. I really don’t believe “extreme” forms of artistic expressions should be censored as I believe everything is beautiful and should be accepted within judgement.

Every person should be entitled to basic human rights. It’s in the name itself. There shouldn’t be any discrimination when it comes to these rights as everyone deserves a voice. Justice is doing right by the people.

Conclusion:
I believe in being true to oneself, helping others and minding my own business. This is something people should really inculcate in themselves.

https://www.britannica.com/topic/philosophy

Shrawan month

Shrawan Month is the Hindu Calendar’s fifth month. Hindus all through the world honor this promising month. “Shrawan” is moreover thought to suggest “to hear charming things.” In solicitation to observe Lord Shiva, darlings focus on talks, respectful petitions, singing, and moving during the Shravan months. The other demanding meaning of “Shravan” is “Saawan,” which connotes “month of storm, sprouting blooms, and swinging.”

Lord Shiva, who is viewed as the most impressive, destroyer, and safeguard, is respected during the month of Shrawan. This month is believed to be the hour of the incomparable Samudra Manthan. During this Manthan, the Poison and Amrit (mixture of life) arose out of the profundities of the sea. The toxin Halahaal was powerful to such an extent that it could clear out the entirety of the Gods just as the Earth. Lord Shiva drank the toxic substance and kept it in his neck to save the world and the Gods. From that point forward, Lord Shiva has been known as “Neelkanth,” which signifies “blue throat.” However, in the wake of ingesting the toxic substance, Lord Chandra (Moon) remained in Lord Shiva’s cerebrum to shield him from the toxin’s belongings. There are a huge number of such convictions encompassing the period of Shrawan. During this month, adherents quick (vrat or brata) on quickly, however especially on Monday. The quick may be of any length; it very well may be full or fractional. Fasting is generally done by ladies, everything being equal, to respect Lord Shiva. Unmarried ladies follow the quick to appeal to God for an optimal spouse like Lord Shiva, while wedded ladies petition God for their better half’s long life, acceptable wellbeing, and success. They visit the sanctuaries, make contributions like as milk, bel patra, blossoms, and perform Bhajan-kirtans (reverential petitions and melodies). It is likewise said that venerating Lord Shiva during this month is multiple times more powerful and viable than loving him during different months. This favorable month of Shrawan is especially propitious for ladies. They will just sport green, red, and yellow bangles, potes (dots), sarees, and kurthas, in addition to other things. Green is the essential shade of Nature and addresses quiet. During this month, the women make Mehendi or Heena utilizing their hands. Green, red, and yellow bangles of different plans can be found in plenitude in shops and markets. The utilization of Mehendi or Heena on the hands, just as wearing sarees, kurtas, or outfits in green, red, or yellow, just as bangles and ear-rings in comparable tones, has gotten trendy among Hindu ladies. During the period of Shravan, it is standard to break the quick or burn-through just vegan food varieties. Aside from strict reasons, there is a logical reasoning for fasting over time of Shrawan to work on one’s wellbeing. This is the stormy season. At the point when the downpours start to fall, daylight turns out to be scant. Thus, absorption eases back down. Individuals typically eat light food varieties, for the most part veggie lover eats less, consistently. Fasting additionally helps in stomach related framework detoxification. During this storm season, it gives a characteristic protection against water-borne contaminations. The endowments of Lord Shiva give bliss, great wellbeing, and abundance to everybody during the Shravan month.

Shrawan month

Shrawan Month is the Hindu Calendar’s fifth month. Hindus all through the world honor this promising month. “Shrawan” is moreover thought to suggest “to hear charming things.” In solicitation to observe Lord Shiva, darlings focus on talks, respectful petitions, singing, and moving during the Shravan months. The other demanding meaning of “Shravan” is “Saawan,” which connotes “month of storm, sprouting blooms, and swinging.”

Lord Shiva, who is viewed as the most impressive, destroyer, and safeguard, is respected during the month of Shrawan. This month is believed to be the hour of the incomparable Samudra Manthan. During this Manthan, the Poison and Amrit (mixture of life) arose out of the profundities of the sea. The toxin Halahaal was powerful to such an extent that it could clear out the entirety of the Gods just as the Earth. Lord Shiva drank the toxic substance and kept it in his neck to save the world and the Gods. From that point forward, Lord Shiva has been known as “Neelkanth,” which signifies “blue throat.” However, in the wake of ingesting the toxic substance, Lord Chandra (Moon) remained in Lord Shiva’s cerebrum to shield him from the toxin’s belongings. There are a huge number of such convictions encompassing the period of Shrawan. During this month, adherents quick (vrat or brata) on quickly, however especially on Monday. The quick may be of any length; it very well may be full or fractional. Fasting is generally done by ladies, everything being equal, to respect Lord Shiva. Unmarried ladies follow the quick to appeal to God for an optimal spouse like Lord Shiva, while wedded ladies petition God for their better half’s long life, acceptable wellbeing, and success. They visit the sanctuaries, make contributions like as milk, bel patra, blossoms, and perform Bhajan-kirtans (reverential petitions and melodies). It is likewise said that venerating Lord Shiva during this month is multiple times more powerful and viable than loving him during different months. This favorable month of Shrawan is especially propitious for ladies. They will just sport green, red, and yellow bangles, potes (dots), sarees, and kurthas, in addition to other things. Green is the essential shade of Nature and addresses quiet. During this month, the women make Mehendi or Heena utilizing their hands. Green, red, and yellow bangles of different plans can be found in plenitude in shops and markets. The utilization of Mehendi or Heena on the hands, just as wearing sarees, kurtas, or outfits in green, red, or yellow, just as bangles and ear-rings in comparable tones, has gotten trendy among Hindu ladies. During the period of Shravan, it is standard to break the quick or burn-through just vegan food varieties. Aside from strict reasons, there is a logical reasoning for fasting over time of Shrawan to work on one’s wellbeing. This is the stormy season. At the point when the downpours start to fall, daylight turns out to be scant. Thus, absorption eases back down. Individuals typically eat light food varieties, for the most part veggie lover eats less, consistently. Fasting additionally helps in stomach related framework detoxification. During this storm season, it gives a characteristic protection against water-borne contaminations. The endowments of Lord Shiva give bliss, great wellbeing, and abundance to everybody during the Shravan month.

INDIA’S WEIGHTLIFTER MIRABHAI CHANU CREATED HISTORY:

After the heartbreak from Rio Olympics Mirabhai chanu bounses back winning a silver medal in Tokyo Olympics.She became the second weightlifter after Karnam Malleswari to win an Olympic medal. She stood second with a total lift of 202kg and made a Olympic record with a lift of 115kg in the clean and jerk .She already has the world record of 119kg in clean and jerk at 2021 Asian weightlifting championship.After recieving the medal she stated with joy that she will first have pizza and also said she will eat extra as she hasn’t haf anything since two days .

INDIA'S WEIGHTLIFTER MIRABHAI CHANU CREATED HISTORY:

After the heartbreak from Rio Olympics Mirabhai chanu bounses back winning a silver medal in Tokyo Olympics.She became the second weightlifter after Karnam Malleswari to win an Olympic medal. She stood second with a total lift of 202kg and made a Olympic record with a lift of 115kg in the clean and jerk .She already has the world record of 119kg in clean and jerk at 2021 Asian weightlifting championship.After recieving the medal she stated with joy that she will first have pizza and also said she will eat extra as she hasn’t haf anything since two days .

Ronald Koeman, Sergio Ramos to Roberto Carlos – Which defender has scored the most goals in club football?

Conventionally, defenders are not known to score goals and headline in a team’s triumph as their primary job is to protect their goal rather than go up and score them.

Real Madrid star Sergio Ramos is the highest-scoring defender among active players and is the only active defender to feature among the top 10 highest goalscoring defenders of all-time.

Current FC Barcelona coach and club legend Ronaldo Koeman is the highest goalscoring defender of all time with a massive 239 goals to his name in club football. 

Sergio Ramos is the highest goalscoring defender among active footballers…

Ronald Koeman, Sergio Ramos to Roberto Carlos – Which defender has scored the most goals in club football?

Conventionally, defenders are not known to score goals and headline in a team’s triumph as their primary job is to protect their goal rather than go up and score them.

Real Madrid star Sergio Ramos is the highest-scoring defender among active players and is the only active defender to feature among the top 10 highest goalscoring defenders of all-time.

Current FC Barcelona coach and club legend Ronaldo Koeman is the highest goalscoring defender of all time with a massive 239 goals to his name in club football. 

Sergio Ramos is the highest goalscoring defender among active footballers…

Which team has the Argentine star scored the most against?

Lionel Messi helped Argentina lift their first international trophy in 28 years in the recently concluded Copa America 2021.

The Argentina talisman scored four goals and provided five assists in the tournament as La Albiceleste bagged their 15th Copa America title. It was also Messi’s first-ever major international trophy win.

With the four goals in the tournament, Messi took his international goals tally to 76 and is now the joint-second highest active goalscorer along with UAE’s Ali Mabkhout. They are behind Portuguese superstar Cristiano Ronaldo who has 109 goals to his name.

Lionel Messi is currently the joint second highest active goalscorer in international football after Cristiano Ronaldo…

Which team has the Argentine star scored the most against?

Lionel Messi helped Argentina lift their first international trophy in 28 years in the recently concluded Copa America 2021.

The Argentina talisman scored four goals and provided five assists in the tournament as La Albiceleste bagged their 15th Copa America title. It was also Messi’s first-ever major international trophy win.

With the four goals in the tournament, Messi took his international goals tally to 76 and is now the joint-second highest active goalscorer along with UAE’s Ali Mabkhout. They are behind Portuguese superstar Cristiano Ronaldo who has 109 goals to his name.

Lionel Messi is currently the joint second highest active goalscorer in international football after Cristiano Ronaldo…

Internet For Students And Children

We live in the age of the internet. Also, it has become an important part of our life that we can’t live without it. Besides, the internet is an invention of high-end science and modern technology. Apart from that, we are connected to internet 24×7. Also, we can send big and small messages and information faster than ever. In this essay on the Internet, we are going to discuss various things related to the internet.

Reach of Internet

It is very difficult to estimate the area that the internet cover. Also, every second million people remain connected to it with any problem or issue. Apart from that, just like all the things the internet also has some good and bad effect on the life of people. So the first thing which we have to do is learn about the good and bad effect of the internet.

Good effects of the internet mean all those things that the internet make possible. Also, these things make our life easier and safer.

Bad effects of the internet mean all those things that we can no longer do because of the internet. Also, these things cause trouble for oneself and others too.

You can access in any corner of the world. Also, it is very easy to use and manage. In today’s world, we cannot imagine our life without it.

Photo by panumas nikhomkhai on Pexels.com

Uses Of InternetFrom the time it first came into existence until now the internet has completed a long journey. Also, during this journey, the internet has adopted many things and became more user-friendly and interactive. Besides, every big and small things are available on internet and article or material that you require can be obtainable from internet.

Tim Berners-Lee can be called one of the main father of internet as he invented/discovered the WWW (World Wide Web) which is used on every website. Also, there are millions of pages and website on the internet that it will take you years to go through all of them.The Internet can be used to do different things like you can learn, teach, research, write, share, receive, e-mail, explore, and surf the internet.

Convenience Due To Internet

Because of internet, our lives have become more convenient as compared to the times when we don’t have internet. Earlier, we have to stand in queues to send mails (letters), for withdrawing or depositing money, to book tickets, etc. but after the dawn of the internet, all these things become quite easy. Also, we do not have to waste our precious time standing in queues.Also, the internet has contributed a lot to the environment as much of the offices (government and private), school and colleges have become digital that saves countless paper.Although, there is no doubt that the internet had made our life easier and convenient but we can’t leave the fact that it has caused many bigger problems in the past. And with the speed, we are becoming addict to it a day in will come when it will become our basic necessity.

Internet For Students And Children

We live in the age of the internet. Also, it has become an important part of our life that we can’t live without it. Besides, the internet is an invention of high-end science and modern technology. Apart from that, we are connected to internet 24×7. Also, we can send big and small messages and information faster than ever. In this essay on the Internet, we are going to discuss various things related to the internet.

Reach of Internet

It is very difficult to estimate the area that the internet cover. Also, every second million people remain connected to it with any problem or issue. Apart from that, just like all the things the internet also has some good and bad effect on the life of people. So the first thing which we have to do is learn about the good and bad effect of the internet.

Good effects of the internet mean all those things that the internet make possible. Also, these things make our life easier and safer.

Bad effects of the internet mean all those things that we can no longer do because of the internet. Also, these things cause trouble for oneself and others too.

You can access in any corner of the world. Also, it is very easy to use and manage. In today’s world, we cannot imagine our life without it.

Photo by panumas nikhomkhai on Pexels.com

Uses Of InternetFrom the time it first came into existence until now the internet has completed a long journey. Also, during this journey, the internet has adopted many things and became more user-friendly and interactive. Besides, every big and small things are available on internet and article or material that you require can be obtainable from internet.

Tim Berners-Lee can be called one of the main father of internet as he invented/discovered the WWW (World Wide Web) which is used on every website. Also, there are millions of pages and website on the internet that it will take you years to go through all of them.The Internet can be used to do different things like you can learn, teach, research, write, share, receive, e-mail, explore, and surf the internet.

Convenience Due To Internet

Because of internet, our lives have become more convenient as compared to the times when we don’t have internet. Earlier, we have to stand in queues to send mails (letters), for withdrawing or depositing money, to book tickets, etc. but after the dawn of the internet, all these things become quite easy. Also, we do not have to waste our precious time standing in queues.Also, the internet has contributed a lot to the environment as much of the offices (government and private), school and colleges have become digital that saves countless paper.Although, there is no doubt that the internet had made our life easier and convenient but we can’t leave the fact that it has caused many bigger problems in the past. And with the speed, we are becoming addict to it a day in will come when it will become our basic necessity.

Impact of Covid on World Economy

The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades. The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn with fiscal and monetary policy support. Over the longer horizon, the deep recessions triggered by the pandemic are expected to leave lasting scars through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply linkages.

The pandemic is expected to plunge most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870. Advanced economies are projected to shrink 7 percent. That weakness will spill over to the outlook for emerging market and developing economies, who are forecast to contract by 2.5 percent as they cope with their own domestic outbreaks of the virus. This would represent the weakest showing by this group of economies in at least sixty years.

Every region is subject to substantial growth downgrades. East Asia and the Pacific will grow by a scant 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa by 2.8%, Middle East and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%.  These downturns are expected to reverse years of progress toward development goals and tip tens of millions of people back into extreme poverty.

Emerging market and developing economies will be buffeted by economic headwinds from multiple quarters: pressure on weak health care systems, loss of trade and tourism, dwindling remittances, subdued capital flows, and tight financial conditions amid mounting debt. Exporters of energy or industrial commodities will be particularly hard hit. The pandemic and efforts to contain it have triggered an unprecedented collapse in oil demand and a crash in oil prices. Demand for metals and transport-related commodities such as rubber and platinum used for vehicle parts has also tumbled. While agriculture markets are well supplied globally, trade restrictions and supply chain disruptions could yet raise food security issues in some places.

IMPACT ON INDIAN ECONOMY

ILO said that pandemic is not only the world Health crisis rather it is also a Labour Market and Economic Crisis. There is also an emergence of fall in GDP 90% of countries request financial help to International monetary Fund. According to ILO 2.5 crores of employment are brought in under a situation of decline. Government regulate many programmes and activities like Social Distancing, Lockdown, Sanitisation, mask protection, Quarantine etc but still doesn’t found a correction. Lockdown mostly affects the informal area and it leads to 50% of our economic GDP. Raw materials don’t be purchased and goods out not explore in the markers and causes big unemployment.

As per the official data released by the ministry of statistics and program implementation, the Indian economy contracted by 7.3% in the April-June quarter of this fiscal year. This is the worst decline ever observed since the ministry had started compiling GDP stats quarterly in 1996. In 2020, an estimated 10 million migrant workers returned to their native places after the imposition of the lockdown. But what was surprising was the fact that neither the state government nor the central government had any data regarding the migrant workers who lost their jobs and their lives during the lockdown.

The second wave of Covid-19 has brutally exposed and worsened existing vulnerabilities in the Indian economy. India’s $2.9 trillion economy remains shuttered during the lockdown period, except for some essential services and activities. As shops, eateries, factories, transport services, business establishments were shuttered, the lockdown had a devastating impact on slowing down the economy. The informal sectors of the economy have been worst hit by the global epidemic. India’s GDP contraction during April-June could well be above 8% if the informal sectors are considered. Private consumption and investments are the two biggest engines of India’s economic growth. All the major sectors of the economy were badly hit except agriculture. The Indian economy was facing headwinds much before the arrival of the second wave. Coupled with the humanitarian crisis and silent treatment of the government, the covid-19 has exposed and worsened existing inequalities in the Indian economy. The contraction of the economy would continue in the next 4 quarters and a recession is inevitable. Everyone agrees that the Indian economy is heading for its full-year contraction. The surveys conducted by the Centre For Monitoring Indian Economy shows a steep rise in unemployment rates, in the range of 7.9% to 12% during the April-June quarter of 2021. The economy is having a knock-on effect with MSMEs shutting their businesses. Millions of jobs have been lost permanently and have dampened consumption. The government should be ready to spend billions of dollars to fight the health crisis and fast-track the economic recovery from the covid-19 instigated recession. The most effective way out of this emergency is that the government should inject billions of dollars into the economy.

The GDP growth had crashed 23.9% in response to the centre’s no notice lockdown. India’s GDP shrank 7.3% in 2020-21. This was the worst performance of the Indian economy in any year since independence. As of now, India’s GDP growth rate is likely to be below 10 per cent.

Impact of Covid on World Economy

The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades. The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn with fiscal and monetary policy support. Over the longer horizon, the deep recessions triggered by the pandemic are expected to leave lasting scars through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply linkages.

The pandemic is expected to plunge most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870. Advanced economies are projected to shrink 7 percent. That weakness will spill over to the outlook for emerging market and developing economies, who are forecast to contract by 2.5 percent as they cope with their own domestic outbreaks of the virus. This would represent the weakest showing by this group of economies in at least sixty years.

Every region is subject to substantial growth downgrades. East Asia and the Pacific will grow by a scant 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa by 2.8%, Middle East and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%.  These downturns are expected to reverse years of progress toward development goals and tip tens of millions of people back into extreme poverty.

Emerging market and developing economies will be buffeted by economic headwinds from multiple quarters: pressure on weak health care systems, loss of trade and tourism, dwindling remittances, subdued capital flows, and tight financial conditions amid mounting debt. Exporters of energy or industrial commodities will be particularly hard hit. The pandemic and efforts to contain it have triggered an unprecedented collapse in oil demand and a crash in oil prices. Demand for metals and transport-related commodities such as rubber and platinum used for vehicle parts has also tumbled. While agriculture markets are well supplied globally, trade restrictions and supply chain disruptions could yet raise food security issues in some places.

IMPACT ON INDIAN ECONOMY

ILO said that pandemic is not only the world Health crisis rather it is also a Labour Market and Economic Crisis. There is also an emergence of fall in GDP 90% of countries request financial help to International monetary Fund. According to ILO 2.5 crores of employment are brought in under a situation of decline. Government regulate many programmes and activities like Social Distancing, Lockdown, Sanitisation, mask protection, Quarantine etc but still doesn’t found a correction. Lockdown mostly affects the informal area and it leads to 50% of our economic GDP. Raw materials don’t be purchased and goods out not explore in the markers and causes big unemployment.

As per the official data released by the ministry of statistics and program implementation, the Indian economy contracted by 7.3% in the April-June quarter of this fiscal year. This is the worst decline ever observed since the ministry had started compiling GDP stats quarterly in 1996. In 2020, an estimated 10 million migrant workers returned to their native places after the imposition of the lockdown. But what was surprising was the fact that neither the state government nor the central government had any data regarding the migrant workers who lost their jobs and their lives during the lockdown.

The second wave of Covid-19 has brutally exposed and worsened existing vulnerabilities in the Indian economy. India’s $2.9 trillion economy remains shuttered during the lockdown period, except for some essential services and activities. As shops, eateries, factories, transport services, business establishments were shuttered, the lockdown had a devastating impact on slowing down the economy. The informal sectors of the economy have been worst hit by the global epidemic. India’s GDP contraction during April-June could well be above 8% if the informal sectors are considered. Private consumption and investments are the two biggest engines of India’s economic growth. All the major sectors of the economy were badly hit except agriculture. The Indian economy was facing headwinds much before the arrival of the second wave. Coupled with the humanitarian crisis and silent treatment of the government, the covid-19 has exposed and worsened existing inequalities in the Indian economy. The contraction of the economy would continue in the next 4 quarters and a recession is inevitable. Everyone agrees that the Indian economy is heading for its full-year contraction. The surveys conducted by the Centre For Monitoring Indian Economy shows a steep rise in unemployment rates, in the range of 7.9% to 12% during the April-June quarter of 2021. The economy is having a knock-on effect with MSMEs shutting their businesses. Millions of jobs have been lost permanently and have dampened consumption. The government should be ready to spend billions of dollars to fight the health crisis and fast-track the economic recovery from the covid-19 instigated recession. The most effective way out of this emergency is that the government should inject billions of dollars into the economy.

The GDP growth had crashed 23.9% in response to the centre’s no notice lockdown. India’s GDP shrank 7.3% in 2020-21. This was the worst performance of the Indian economy in any year since independence. As of now, India’s GDP growth rate is likely to be below 10 per cent.