How the Coronavirus is affecting India and its economy

Today, we will be discussing about Coronavirus or COVID19 ( Corona virus infection disease 2019 ) that has been a deadly killer since few months. In this blog, we will Show you –

  • || 1.what is Coronavirus (or sars cov2 ) ? [ Actual name of coronavirus ]
  • || 2.how did the recent outbreak occur? [ Is china really responsible ]
  • || 3.is there any vaccines or antidotes ? [ If there is then where ]
  • || 4.How India is responding to this outbreak ? [ Probably the best till now ]
  • || 5. what’s it’s impact on the economy. ? [ Another great depression ]

And except this all we’ll me more focusing on the effects of it on global economy.

[1] WHAT IS CORONAVIRUS?

Coronavirus disease (COVID-19) is a infectious dieseas caused by a new virus (probably as you guessed ) . The coronavirus is a ‘Naught virus’ whose cure is still not caught by the scientists. The disease causes respiratory illness(like the flu) with symptoms such as cough,fever,and in more severe cases, difficulty in breathing.

Then how to protect ourselves from this, it’s simple-. You can protect yourself by washing your hands frequently, avoiding touching your face,and avoiding close contact (1 meter or 3 meter) with people who are unwell and also if they’re well don’t you think that Coronavirus can’t be there. ” Hands of Corona is longer than the law. “ – So don’t ever underestimate it and don’t ever completely trust on your immunity .

[2] HOW DID THE RECENT OUTBREAK OCCUR?

The recent outbreak of Coronavirus is believed to have occurred in a market for illegal wildlife trading in the central Chinese city of Wuhan of hubei province and from there the virus spreaded it’s foot to the whole world.

Probably you might be thinking that the chinese should stop eating wild animals , and We won’t blame you for this since it’s not the first time a virus has magically appeared from China . But you should also think that if a global virus emerged from your country and everyone start saying that your country is responsible for this , How would you feel ? and isn’t it too unhuman .

How the coronavirus is affecting india and its economy

[3] IS THERE ANY VACCINES OR ANTIDOTES FOR THIS.

Since it’s a new strain, There is no specific vaccine that can treat it, ( especially treating naught viruses are damn hard ). However, according to the WHO, “many of the symptoms can be treated & therefore treatment is based on the patient’s clinical condition”.

However it has already killed over 42,364 deaths globally as of April 01,2020,08:31 GMT , And there is more than 900,000 + Cases [ It is going exponential growth ] For full stats Click here

[4] HOW INDIA IS RESPONDING TO THIS DEADLY OUTBREAK?

As you know, This is India and the citizens here are not going to give a shit to this viruses in it’s initial stages. They think let is spread to others, when it will come to us , We will then do something about it .

This virus caught the attention of the Indian government and people, ‘when it bursted in Italy’ ( That really scared the shit out of us ) and keeping this in mind India’s prime minister Narendra modi announced a janta curfew on 22 March 2020 hoping this will reduce the spread of The Novel coronavirus ,the citizens followed it peacefully by staying in their homes ( specially teens who are doing this since years ).

Later P.M. Narendra modi announced a complete lockdown of 21 days from 25 March to 14 April in the country taking lessons from the experience of China and italy and told people of the country to quarantine themselves.

He said that if we can’t quarantine ourselves for 21 days , Then India can go back 21 years in its past .

[5] WHAT’S IT’S IMPACT ON THE ECONOMY.

Coronavirus will impact India’s economic growth “severely” , As the Corona virus lockdown is causing significant disruption across multiple sectors, Including manufacturing, finance the most among others says a report.

From early months the economic growth of India is already down and this lock down is going to hurt India’s economy even more . India may escape a recession,but coronavirus will slow down growth further.

IT’S IMPACT ON GLOBAL SHARES :

A Big shift in stock markets is taking place ,where share companies are brought and sold [ Mainly sold as the prices are going down ] , It can affect many investments in pensions or individual savings account. Investors fear the spread of the coronavirus will destroy economic growth and that government action may not be enough to stop the decline. In response, central banks in many countries, including the United kingdom,have slashed interest rates. That should, in theory, make borrowing cheaper and encourage spending to boost the economy.

How the coronavirus is affecting india and its economy
No investor would like this curve

The RBI is Spreading the idea of digital payments more and more in citizens and we support RBI in this .

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