The presentation is about the impact of COVID - 19 on Global and Indian Economy

1. COVID – 19
Changing
Dynamics
around the
Globe

2. COVID – 19
Changing Dynamics around the Globe
Dr. Alok Kumar Chakrawal
Professor
Department of Commerce and Business Administration
Saurashtra University, Rajkot – 360 005
chakrawal@rediffmail.com

7. COVID-19: Financial Impact on India
• Confederation of All India Traders (CAIT) has
estimated a total loss of Rs. 5.50 Lakh crore during 40
days lockdown period
Source: Business Today
https://www.businesstoday.in/current/corporate/indian-retail-sector-lost-rs-55-lakh-crore-in-40-days-of--lockdown-cait/story/402916.html

8. COVID-19: Financial Impact on India
•India may lose Rs. 8 lakh crore of GDP to
lockdown# Lockdown 1.0
Source: Deccan Herald
https://www.deccanherald.com/business/business-news/coronavirus-india-may-lose-rs-8-lakh-crore-of-gdp-to-lockdown-
822676.html

9. COVID-19: Financial Impact on India
•Finance ministry imposes expenditure
restrictions on non-essential heads
Source: Times of India
https://timesofindia.indiatimes.com/business/india-business/covid-19-finance-ministry-imposes-expenditure-restrictions-on-
non-essential-heads/articleshow/75054054.cms

10. COVID-19: Financial Impact on India
•With no reimbursement, get ready to pay
more tax
Source: Financial Express
https://www.financialexpress.com/money/income-tax/covid-19-lockdown-with-no-reimbursement-get-ready-to-pay-more-
tax/1940896/

14. Salary Vs.
Wages

15. COVID – 19: Personal Finance
Salaried Class
Business People
Professionals
Industrialists
Industrial Workers
Daily Wages Workers
Retailers
Street Hawkers

16. Indian Model of Economy
Employment Creation is the key
Self Reliant Economy
Cooperative and collective business model
Swadeshi economy
Trusteeship model of Mahatma Gandhi
Following principles of J. K. Mehta’s Economics

17. J. K. Mehta
1901 – 1980
The Global Indian
Philosopher

19. J. K. Mehta’s Economic Principles
Human behavior is the subject matter of the science of Economics
It is generally the result of a state of disequilibrium of human mind
Disequilibrium is due to more pain than pleasure
Moving towards Wantlessness
Minimize your needs and aspirations
Maintain your self contentedness

20. Thanks
chakrawal@rediffmail.com