INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Covid 19 (coronavirus) has very serious implications on people’s health as well as Businesses and on the Economy. As Covid-19 is creating economic uncertainty and loss, in depth analysis for the outbreak and the possible paths to recovery for individual economies is increasingly critical for Business planning and economical decisions. A business is an organization where people work together. People work to make and sell products or services. Other people buy the products and services in Business. More than 90% of all businesses are small businesses in India. The impact of Covid 19 is mostly in the informal sector across the globe, in developing countries like India. Millions of small entrepreneurs, Vegetable sellers, chat bandar, food truck owners, daily wagers, tea stalls, auto rickshaw wallas, and self-employed carpenters, mansions, plumbers, car mechanics, and small shops can only run their business, if they earn money per day. In the formal sector, which is counted. The biggest challenges here would be for services. Aviation, shipping, tourism, hotels, restaurants, travel agency portals etc., and in manufacturing, supply chains, especially for auto, electronics, engineering, chemicals and metals would be a great impact on their businesses. This article thus explores the downfall faced by Indian businesses both in formal and informal sectors and It also gives us the suggestions to develop rigorous contingency plans to slow the progress of a pandemic and limit its impact on small entrepreneurs, employees, shareholders, and communities.
Keywords:
Covid-19, Pandemic hit, Formal and informal sectors, Business
Cite Article:
"IMPACT OF COVID-19 ON BUSINESS IN INDIA", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 6, page no.545 - 547, June-2020, Available :http://www.ijsdr.org/papers/IJSDR2006089.pdf
Downloads:
000336257
Publication Details:
Published Paper ID: IJSDR2006089
Registration ID:191994
Published In: Volume 5 Issue 6, June-2020
DOI (Digital Object Identifier):
Page No: 545 - 547
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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