What Is The Impact Of Lockdown On Indian Economy ?

 Lockdown In India:-

On 24 march 2020 , PM of India  announced a complete Lockdown of 21 days for overcome the effect of COVID-19 pandemic , Lockdown is the limited movement of entire 1.3 billion population of India .

Globally in a poll by the 'Edelman Trust Barometer' out of the 13,200+ people polled,67% agreed that the gov. highest priority should be saving as many lives as possible even it means that the economy will recover more slowly and 33% people agreed that the having jobs and restarting the economy should be the priority of the gov. 

There is lot of phase of ;Lockdown  in India and that is:-

1:- Phase 1 ( 25 March-14 April )

2:-Phase 2 (15 April-3 May )

3:-Phase 3(4-17 May)

4:-Phase 4(18-31 May)

5:-unlock 1

As we all know that the situation of world not only our country (India) is not good during this pandemic of corona virus ,our service sector is very much effected  and also our GDP and all other private and gov. sectors are affected by this virus . now the question will arise that,   What should be our next step to maintain our economical growth ? 

Lockdown Impact On Indian Economy :- 

we can say that , the ECONOMY of any country is directly proportional to the manifacturing and productional unit of that country and in this pandemic both manifacturing and productions are closed so simply this surely  effect the economy of country .

Now see some facts and figures :-

1 :- According to FICCI survey ," With in a month unemployment rose from 6.7%  on 15 march to  26% on 19 april " and this is the time of first phase of Lockdown in India (25 march - 14 april ).

 2:- According to centre for monitoring indian economy ( CMIE ) , " During lockdown 14 crore ( 140 million ) people lost employment while salary are cut for many other ." 

3:- RBI governor Raghuram Rajan said that , "the COVID-19 pandemic in India may just be the greatest emergency in India since independence . "  while the former chief economic adviser to the gov pf India said that in april , " India should prepare for a negative growth rate in FY21 ." 

 4:- According to a report our Tourisum Industory loses - 15,000 crore (2.1billion us $) .

so  ,as you read above this is the situation of our current economy and different sectors , the worst effect of this lockdown is  on stock market - on 23 March stock market in India post worst loses in history , SENEX fell 4000 points ( 13.15%) and NIFTY fell 1150 points ( 12.98% ) .

 Larsent and Tourbo ., Bharat Forgue , Ultratech Cement , Grasin Industries , and also the fashion and retail wing of Aditya Birla Group , Tata Motor and Thermax  temporary suspended or reduced operation all over country .

 On 21 april Indian Billioner Mr. Narayan Reddy said that ' " If in future the conditions are same as now then  people are died from hunger more then corona virus ."

Here are some GDP predectios for FY21 post announcement of economic package by different agencies :- 

• BERNSTEIN :-  -7 %
• ICRA :-  -5%
• GOLDMAN SACHES :--5%
• NOMURA :- -5% 
• SBI :- -4.70%      

so guys there is all figures about impact of lockdown on Indian Economy ,  I hope you like please share these informations with your friends . 

KEEP SUPPORTING GUYS 

Thank you

Vishal Sharma