, each & every aspect of the Economy was ready to yeild required results for the mentioned fact. The
(i.e., Gross Domestic Product) was slow but yet in favour of the country as we were leading the race among the Devloping Nations.
Then came the Chinese Virus which put a halt on the World and every Country was forced to Shutdown its Operations be it in any Respect. Trade Tensions between nations were already on the peak while China gave a not so favourable incidence to the world and this lead to a disaster for the Economy especially.
Now it was India's turn to face the Pandemic and with it came 3 patients from China to the Indian State of Kerela, which then became the Epicenter for the early days in India, it spread like a wave throughout the country and in no time India was under a Nationwide Lockdown and even Curfew like situation were imposed upon states like Maharashtra.
As Lockdown was the only option to Prevent the Disease from Spreading most of the Industries, Factories, Offices, Educational Institutions and Unrelevant Government Authorities were closed Permanently for the time being. Due to this the Economy had to bear Immense losses and even had to ask its Manforce to quit their jobs for a unknown period of time. Sector which overlooked the worst impact were :
1) Real Estate - As Social Distancing Norms took over in a flick, Physical Interaction became a complete Turndown for people as it needs well Co-ordination between the parties involved and interested in Real Estate, Time management too plays a significant role here, all this is not possible from the Lockdown point of view. Seller, Buyer, Brokers, Agents and Accountants were directly hit by the scenerio.
2) Travell & Accomodation - It was Clearly Understood that none would risk their Lives and get on to the way for any Round trips amid the Terrific situation. Weekend getaways were dismissed and travel bans were imposed to save life's , logistics were hard hit by the situation and so was accomodates. Advance Bookings for both were to be Refunded to maintain the Goodwill of the Industry and the Establishment Itself. Chances of new bookings were few and risky as the virus was transmitted through Human to Human Interaction, all related parties went to collapse such as Brokers, Agents, Staff, Drivers, Chefs, Entertainers & Owners themselves.
3) Restaurants, Bars & Movie Theatre - All sorts of Non essentials be it Goods or Services were closed Permanently to avoid Unnecessary spaces for the Contamination. Restaurants & Other Food Catering Services (Street Food & Dhabas) are the main source of Income for many Cities and Localities, Extravagant and exotic cuisines play as the center of Attraction for Tourists in many regions, as these places gather an adequate number of people including familes as well as Individuals of all ages from Adults to Children, It wasn't the best Decision to keep them Operational in the mist of COVID, hence shut. Bars served as the perfect Hotspot for ample party gatherings where people of all sorts joins to have a delightful phase which would hamper the laws of Social Distancing therefore closed. Movie Theatre's have a structure where people are meant to reside closely in contact beside each other and this would lead to a perfect platform for the disease to escalate at never before seen levels, hence authorities put a halt on such grounds immediately.
4) Malls, Museum's & Tourist Attractions - Each and every place which gatheres numerous Individual for the purpose of Advertising, which futher leads to the Inter Exchange of Activities between the Buyer and Seller (i.e., Buying and Selling) was one of the most deadly tacts through which the virus could be transferred as Malls and Supermarkets attract visitor from all over the Globe not only for Commodity related services but also as an Attraction (window shoppers) point. Museum's render as the perfect link for visitors' to fullfil their lust for Knowledge and Valuable Historical Artifact's, Annually millions of Interested tourists visit these domains creating a tensed environment for Social Distancing norms thereby increasing the risk of Casualties if were not suspended within time. Not only Museum's but several other Sight seeing attraction were imposed of the ban as they too usually have seasonal gathering creating a high-risk situation leading to mass contamination. The worst part about this is the Dependability of other Businesses on the these vital Hotspots, Ticket Vendors, Food Caters, Tourist Guides and Linguistics are just some of the Direct as well as Indirect Dependents to name a few though, so they bear the harsh & direct effect of the Pandemic. All these areas are closed without any further notice to resume any time soon.
5) Music Festivals & Cultural Heritage Event - Sunburn Goa to Miami Music Fest, Ultra Music Festival to Tomorrowland, La Tomatina in Spain to Carnival of Brazil, All kinds/sorts of Cultural and Entertainment events were banned permanently in the view of the Pandemic, The Question arises here is, Will people ever have the Appetite for these kinds of events where magnificent groups of people come together ever again in the near Future ? All these events create a massive platform for day to day Employement activities, they hire Individuals on a Daily Wage basis which further leads to fullfilling their basic commodities. Indirectly Dependents to have a role here, they earn with the seasonal crowd and relate to these activities on a internal level, Food Vendors, Booking Firms and Cheap Accomodation are the worse hit sectors by any perspective. It is to be seen how do these sectors cope up with the challenges given by the situation in the coming days.
The Economically Unprivileged Section of the Society (i.e., Under the Poverty Line) and The Lower Middle Class (i.e., Just above the poverty line) had always faced the most Burden due to Insufficient funds in regard to Inflation which when coupled with the Epidemic brings them on the verge of Collapse in Financial terms as well as mental wellness. Daily Wager was in the ocean of troubles.
Gyms and Sporting Facilities ran out of people as Social Distancing & Self Quarantine took over the world in the blink of an eye. Close Contact became a absolute NO-NO which cannot be guaranteed in the gym therefore Closed.
Sporting Events such as NBA, NFL and IPL were suspended. Tokyo Olympics were postponed till 2021.
On March 11th, NBA suspended the Season when one Utah Jazz Player, Rudy Gobert was convicted of the disease, It then felt like a dramatic move untill on March 16th NBA posted a total of 14 Positive COVID-19 Cases.
6) Weddings and Funerals are worth a Billion Dollar Industry, though almost opposite in Perspective, where the former could be postponed while the latter cannot be by human will, they provide a massive Employement chain among the various sections of the society as Food Catering Services, Decorators, Event Planners, Musicians, General Catering Service, Sanitary Staff, Lighting Experts, Beauty Services, Artists, Managers and Supervisors as well, all of this accompanied with Travel and Accomodation provide a humongous pool of opportunities for the Varied and Skilled section of the society, Respective Government Officials ordered the Citizens to Postpone any such non vital Events and forthcomings, for the Death scenerio not more than 10 Individuals would be allowed while maintaining 1 metre in distance between two people.
Further added, Hoarding of Supplies is a Disaster in itself, The Government of India again and again by gazette notification are informing people to not Hoard Supplies & that every essential will be provided in Immense popularity till needed to be, every sort of mesaures would be undertaken by the Government to fullfill each and every necessities of it's Citizens. Unnecessary Hoarding will lead to the Shortage of Supplies further Increasing the Inflationary of Commodities & Services.
While almost everything was Deteriorating due to the Insidious effects of the disease few sectors were booming as they brought the need of the hour to the Masses, these were :
1) Medical Infrastructure - Doctor's and Medics were always considered as God's in Human Skin, they hold the Hopes & Trust of people like no other and so proving their all mighty again they were engaging in 24×7 shifts without considering much troubles. Medical staff came all ready with everything they have in themselves. Treating, Observing and Responding immediately was there mantra, the world was dependent upon them for their Survival and soo were they on the Precautions undertaken by the people. The Well-being of the Pharmaceuticals Industry was the need for every Citizen, Research and Development carried on with full Potential as a Vaccine is looked upon as the most potent Cure. In a fortnight's time Masks, Gloves, Alcohol based Hand Sanitizers were facing never before seen Demands from every corner of the world, Government told the related Industries to ramp up their Production to Full Fledged Capacities and even ordered Officials to check if more Personal Health Care Companies can help in Increasing the Production of such Goods and Commodities by increasing their Research & Development Activities. Brands like Dettol, ITC, Nycil, Cipla, Bharat Biotech and Mankind initiated working on 100% of their capacities to meet the requirements. Hospitality, Municipal and Sanitary Staff are indulging through Day and Night Shifts as Sanitization was the ultimate Priority be it in the Hospitals, Clinics, Colonies or Office's. Hospital Beds and Ventilators were setup not only in the Hospital premises but also in Facilities where they could be Installed accordingly and have the Infrastructure to support them. Medical Equipments were more important than they ever would have been in the past and soo were Medical Staff. (I request every Individual reading this Article to support our Medical Teams by any means, not only financially but any humane way, who are working blood and sweat for our well-being)
2) Telecommunication & Internet - What would happen if this Epidemic came in the early 90's ? The majority would be Depressed, Internal Communal War's would have taken the Perspective and Time management would have became a trouble for the masses but lucky we are to be living in the era of Digital Revolution and having Sufficient Infrastructure to support the Internet as well as the Telecommunication Network. Where Self Isolation is the only way out of the Contagious Disease almost all Human activites have taken a halt, Human is considered to be a Social Animal, we tend to Socialize to live Healthy, without Human Interaction life would be a Pain. Telecom have provided us to eliminate certain challenges we would be encountering if we didn't had one, 'We are One, We are Connected', Important Updates through News and Social Media is at the tip of our fingers, Overtime the Networks have improved through leaps and bounds, we all live in the 4th Generation (4G) of Networking, Cellular Data speeds have Improved altogether and Time Management is much easier than ever. The Internet has us connect at any given point of time and with the Competition getting cutthroat Telecom magnet like Jio changed the Market Trends, Cheaper Internet to each and every Individual. Internet Streaming Services are way Convenient and Affordable, Netflix (One of the Biggest Disruptors of 21st Century), Amazon Prime and Disney+ are some of them to name a few, these provide Unlimited access to the Trending Online Entertainment at the convenience of each Individual. Not only Entertainment but Workloads have also changed Dramatically, Internet provides the comfort of Working from Homes. Sending Mails, Scanning of Documents, Conveying a Presentation through Online Video Conferencing (Zoom, Skype and GoogleCast), Digital Payments (GooglePay, PhonePe, Amazon Money) and Live Observations are a little to be mentioned Advantages here.
An already Crowded sector, Online Gaming became the Hype amid Lockdown and Virtual Reality Gadgets were used more frequently than ever as Gaming Enthusiasts and the Techno Driven majority were left with loads of free time in their hands. Online games like PUBG, Fortnight, Call of Duty are enjoying great Server loads and In-App Purchase these days.
Cloud Storages have given way to new ways of Storing and Analysing data from anywhere at anytime, no hefty and bulky Physical storages needed. Cloud Computing is the requirement of the Digital Era, Brands like Amazon (AWS - Amazon Web Services), Adobe, Microsoft, Google (Google Cloud) are into the Cloud Computing & Storage Business since forever. Updating Softwares are seamless and Offer Quality Troubleshooting if needed.
Door-Step Delivery Servies saw an Immediate hike in demand for Manpower, Amazon's CEO, Jeff Bezos urged for an immediate Recruitment for 1,00,000 Employee's for their FC (Fullfillment Center's). Groceries became the new luxury as necessities took over everything for the time being, Amazon bought Whole Foods and promoted the benefits of eating Healthy.
Indoor Fitness Activities and Indoor Games both became vulnerable to Self Quarantine norms, each sector saw an ample opportunity to prosper as Fitness and Indoor Games were on the Optimistic side of the trouble. The Sector was facing a shoot in the demand, Yoga Mats, Home Gyming Equipments, Tredmills and even Personal Fitness Training Programs were required by the masses. Sport Equipments such as Board Games, Puzzles, Badmindon and Cricket are getting Increasingly Popular.
Note : It's a Crazy Time to be Alive.