Coronavirus Impact on economy
For this I need to take an example of a country and as dont want to be differentiate a country from another I would take the example of my own country,INDIA.
AS IT IS A LONG TOPIC I WOULD TRY TO WRITE A SMALL PARGRAPH WHILE IF YOU WANT TO READ THE WHOLE PARA. YOU CAN GO TO THIS LINK-
PANDEMIC AND ITS EFFECT ON INDIAN ECONOMY
SO LETS START-
The economic impact of the 2019–20 coronavirus pandemic in India has been largely disruptive. The World Bank and credit rating agencies have downgraded India's growth for fiscal year 2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s.[1][2] The former Chief Economic Advisor to the Government of India has said that India should prepare for a negative growth rate in FY21.[3][4] However, the International Monetary Fund projection for India for the Financial Year 2021-22 of 1.9% GDP growth is the highest among G-20 nations.[5] Within a month, unemployment rose from 6.7% on 15 March to 26% on 19 April.[6] During the lockdown, an estimated 14 crore (140 million) people have lost employment.[6] More than 45% of households across the nation have reported an income drop as compared to the previous year.
I am a 8th grader but think that the the most affected are trader classes and they should get compensation for there losses.
Overall I think that जो भी होता है अच्छे के लिए होता है
(TRANSLATION-All that happens happens for good )
આભાર
AS IT IS A LONG TOPIC I WOULD TRY TO WRITE A SMALL PARGRAPH WHILE IF YOU WANT TO READ THE WHOLE PARA. YOU CAN GO TO THIS LINK-
PANDEMIC AND ITS EFFECT ON INDIAN ECONOMY
SO LETS START-
The economic impact of the 2019–20 coronavirus pandemic in India has been largely disruptive. The World Bank and credit rating agencies have downgraded India's growth for fiscal year 2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s.[1][2] The former Chief Economic Advisor to the Government of India has said that India should prepare for a negative growth rate in FY21.[3][4] However, the International Monetary Fund projection for India for the Financial Year 2021-22 of 1.9% GDP growth is the highest among G-20 nations.[5] Within a month, unemployment rose from 6.7% on 15 March to 26% on 19 April.[6] During the lockdown, an estimated 14 crore (140 million) people have lost employment.[6] More than 45% of households across the nation have reported an income drop as compared to the previous year.
I am a 8th grader but think that the the most affected are trader classes and they should get compensation for there losses.
Overall I think that जो भी होता है अच्छे के लिए होता है
(TRANSLATION-All that happens happens for good )
આભાર
Comments
Post a Comment