Title: THE WINNERS AND LOSERS OF COVID-19 IN INDIA: AN ANALYSIS
INTO THE IMPACT OF THE COVID-19 sub title - HOW DID THE COVID-19 PANDEMIC AFFECT SOME
INDUSTRIES POSITIVELY WHEREAS SOME NEGATIVELY IN INDIA?
Authors:
Krishang Maheshwari
Journal:
International Journal of Social Science and Economic Research (IJSSER)
ISSN: 2455-8834
Volume:
5
Issue:
9
Publication Date:
September 2020
DOI:10.46609/IJSSER.2020.v05i09.019
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Krishang Maheshwari
B.D Somani International School
MLA 8 Maheshwari, Krishang. "THE WINNERS AND LOSERS OF COVID-19 IN INDIA: AN ANALYSIS INTO THE IMPACT OF THE COVID-19." Int. j. of Social Science and Economic Research, vol. 5, no. 9, Sept. 2020, pp. 2685-2698, doi:10.46609/IJSSER.2020.v05i09.019. Accessed Sept. 2020.
APA 6 Maheshwari, K. (2020, September). THE WINNERS AND LOSERS OF COVID-19 IN INDIA: AN ANALYSIS INTO THE IMPACT OF THE COVID-19. Int. j. of Social Science and Economic Research, 5(9), 2685-2698. doi:10.46609/IJSSER.2020.v05i09.019
Chicago Maheshwari, Krishang. "THE WINNERS AND LOSERS OF COVID-19 IN INDIA: AN ANALYSIS INTO THE IMPACT OF THE COVID-19." Int. j. of Social Science and Economic Research 5, no. 9 (September 2020), 2685-2698. Accessed September, 2020. doi:10.46609/IJSSER.2020.v05i09.019.
References
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www.ETHospitalityWorld.com. "Indian Hotel Industry Could Face Losses of up to 1.5 Billion, Says Hotelivate Report - ET HospitalityWorld."
ETHospitalityWorld.com, 18 Mar. 2020,
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India, Press Trust of. "Covid-19: With Projected Losses of Rs 22,500 Crore, Indian Poultry Sector Seeks Centre's Intervention." India Today, 3 Apr. 2020,
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ABSTRACT:
In March 2020 the world experienced unprecedented circumstances with the ongoing COVID-19
pandemic, India with over 33,000 cases in the first few months which went on exponentially
increasing. In the wake of the crisis the economy too underwent innumerable unpredictable
alterations. While some industries flourished, others were adversely affected. This article
explores the fate of some industries and delves deeper into the causes and subsequent
consequences they faced. It also analyses how some of these fates were influenced by factors
indirectly caused by the ongoing health crisis and tracks how consumer opinions and trends were
wavered and strengthened. All information was sourced and collected from research papers,
articles, and other secondary sources of information. Using figures by economic statisticians
trends were analyzed and considered before the results were determined. For instance, the
Hospitality Industry which had to shut down almost all operations amidst the Lockdown as their
customers were not allowed to leave their respective households. This resulted in no Income.
Another example of such an industry was the poultry which suffered losses due to a rumor or
wrong publicity. Lastly, one industry that has seen rapid growth in sales and customer base is the
Video Conferencing Industry. This has been primarily by the lockdown which prompted people
to adopt the 'work from home' or interact with friends via video conferencing. It was concluded
that the industries would take some time to recover their losses but in the long term, with the
support of the government and investors, they would be on the path of recovery.
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