Corona’s impact on the world’s countries is growing in India too. The World Bank has warned that the Indian economy will be adversely affected by the coronavirus.
All economies fall ..!
The curfew has been issued in India for 21 days due to coronavirus infection. Consequently, business, industry, small and medium-sized businesses, transportation, small and corporate activities have all stalled. Except for necessities, the overall economy has fallen.
Economic growth forecast ..!
The Indian economy is projected to grow by 5% by 2020, and it is projected to fall to 2.8% by 2021.
World Bank Warning ..!
The World Bank has warned that India is already badly hit by economic growth and that the coronavirus will be more vulnerable to the virus, and that the curfew is predicting that the economy will reverse.
Livelihood Impact ..!
Millions of informal workers have lost their jobs. South Asia is in dire straits. Tourism, transport and the hospitality sector have been hit by Corona.
Other supply chains besides essential goods are prohibited. Consumers and investors are also affected. Some reports have suggested that the fall is likely to be much higher.