IMPACT OF COVID-19 ON INDUSTRIES
Presented By: Mutahira
Impact of COVID-19
IT IS UNPRECEDENTED TIME , EVERYONE IS CONCERNED ABOUT
VIRUS HAS SPREAD OVER 200 COUNTRIES ( >4 MILLION PEOPLE
BUT A FAR MORE SEVERE AND LONG-LASTING RIPPLE EFFECT OF THE
COVID-19 PANDEMIC WILL BE ON THE ECONOMY.
THERE HAVE BEEN WARNINGS ALREADY ABOUT THE NEGATIVE
COVID-19 IMPACT ON INDUSTRIES. WE MAY NOT BE ABLE TO
COMPLETELY GRASP THE ENORMITY OF THIS YET, BUT THE SIGNS ARE
COVID-19 HAS AFFECTED MOST OF THE COMPANIES
IN INDIA DIRECTLY OR INDIRECTLY.
IT LED TO ECONOMIC UNCERTAINTY AND DISRUPTED
DUE TO LOCKDOWN, THERE IS A MASSIVE LOSS IN
OPPORTUNITY FOR MANY COMPANY WHO HAVE
CANCELLATIONS OF TECH CONFERENCES.( LOSS OF US
TEXTILE AND APPAREL INDUSTRY HAS BEEN
MAJORLY AFFECTED BY THIS COVID-19
IT LED TO DECELERATE THE GROWTH
PROJECTION OF THE TEXTILE AND APPAREL
INDUSTRY IN INDIA
IT WAS PROJECTED TO GROW AT A CAGR OF
~12% TO REACH USD 220 BILLION (INR 16,637
BILLION) BY 2025-26(AS PER THE DATA RELEASED
BY THE MINISTRY OF TEXTILES)
it is expected that the domestic
market is seen shrinking by around
28%-30% to USD 61 billion (INR
led by the decline in the sales
mostly in the Q1 for the current
financial year ending 20-21.
The COVID-19 pandemic has had a
huge impact on
the tourism industry.
It is severely affected amid
Coronavirus crisis and will also be
rearmost one to behold resumption
of activities. Lockdown has affected
inflow of tourists dealing a crippling
blow to the tourism and hospitality
Impact on Aviation
The COVID-19 pandemic has had a significant
impact on the aviation industry.
reductions in passenger numbers have resulted
in flights being cancelled or planes flying
empty between airports.
Aviation companies are not even in the position
to refund their customer those who had booked
flights were cancelled due to lockdown
Agriculture is the far most one and is backbone of any economy.
An average of about one farmer is committing suicide for every
30minutes due to debt.
Just a short span of the pandemic will leave an everlasting effect on
the agricultural sector.
Today situation of agriculture has become so worse than earlier that
Reduction in production.
Moreover, the closure of restaurants and street food outlets removes the
market ingredients for all these agriculturists.
harvest labor, improper transport facilities were added as special hardships to
The spread of coronavirus have pushed down the production and
sale of electronic goods and the supply chain is also interrupted.
India is a major importer of electronics.
Shortage of goods.
Great hike in rates of electronic goods (work from home).
The impact on supply-side of the market is currently minimum.
The sales for products such as televisions, ACs, refrigerators, and
other white goods has reduced .
COVID-19 also had a greater impact over
Not even a single school or an institute is open
for students to attend.
Cancellation of exams.
Even in banking sector, investments and
transactions are totally on hold.
Even some pharma industries are on their way
in work increasing their pace they are also on
Paper industry also affected very badly as the
usage of paper has declined to a maximum
extent due to closure of various government and
Transportation sector has been one of the primary
victims of COVID-19. From rickshaw pullers to
airlines, all have been affected economically by the
Railways is another important corner which is at most
Roadways also stopped working.
India's overall energy demand fell by 11% .
Even though the fall in passenger transport demand is
pushed by social distancing restrictions, COVID-19
may have a long-term effect on people's travel
Fall in accident rate
Reduction in air pollution level.
Last but not the least two divisions of society are being affected to the superlative stage during
this pandemic. They are poor and middle-class. These sections are now workless and some
middle class of the elderly may be nil at their bank balance leading them to starvation.
In such pathetic situations some people are helping the people by donating groceries etc. On
behalf, we salute to those hands that are lending forward to feed the empty stomachs of needy
and poor in such difficult situations, for their humanistic deeds.
Reduced vehicular activity has played an important part in reducing pollution, and hence a move
towards more efficient public mode of transportation needs to be made .Electric buses should be
poured in and metro connectivity should be enhanced with last-mile connectivity.
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