ASN SR. SEC.

SCHOOL

ECONOMIC
IMPACT OF
CORONAVIRUS Made By:

Mehak Paruthi

[9-D]

Roll No-20

IT Holiday Homework-1
 CORONAVIRUS HAS
NOT ONLY
DISRUPTED INDIAN
ECONOMY BUT ALSO
HAS DISTURBED
MANY FAMILIES

ASN Sr. Sec. School

 COVID-19 & ECONOMY

ASN Sr. Sec. School

 INDIA'S ECONOMY

• The economic impact of the 2020 coronavirus

pandemic in India has been largely disruptive.

• India’s growth in the fourth quarter of the fiscal

year 2020 went down to 3.1% according to the
Ministry of Statistics.

ASN Sr. Sec. School

 This is due to the coronavirus
pandemic effect on the Indian
economy.

ASN Sr. Sec. School 5

 OUTCOMES

• Sharp rise in unemployment.

• Stress on supply chains.
• Decrease in government income.
• Collapse of the tourism industry.
• Reduced consumer activity.
• Plunge in fuel consumption. Rise in LPG sales
6

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 ECONOMIC SITUATION

• In India up to 53%of businesses have specified a certain amount of

impact of shutdowns caused due to COVID-19 on operations.

• By 24 April the unemployment rate had increased nearly 19% within

a month, reaching 26% unemployment across India, according to the
‘Centre For Monitoring Indian Economy’.

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 • Around 140,000,000 (14 crores) Indians lost employment during the
lockdown

• More than 45% households across the nation reported an income

drop as compared to the previous year.

• Various business such as hotels and airlines cut salaries and laid off

employees.

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 • Revenue of transport companies such as Ola Cabs went down nearly

95% in March-April resulting in 1400 layoffs.

• It was estimated that the loss to the tourism industry will be ₹15000 crores for

March and April alone.

• India’s GDP growth from 2020 from 5.3% to 2.5%.

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THANK YOU