INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY - Vol. 23 Issue 18, Nov 2020

Pages: 1-17
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IMPACT OF COVID 19 ON MANUFACTURING INDUSTRIES IN INDIA

Author: Gourav Gupta, Chahat Jain, Dr. VikasTyagi

Category: Research

Abstract:

In the paper we appraise the impact on covid-19 on manufacturing industries. Due to rise the covid-19 the Indian and whole economy is likely to slowdown. Each of the sector has to be suffered like hotels, automobile, railway, airline etc. all are shut down. So the purpose is to appraise the impact on covid-19 on manufacturing industries. The manufacturing sector is the major part of the economy as it account for nearly 16% of the global GDP in the 2018. This covid-19 outbreak has also disrupted in the manufacturing of Asia and also impact on the Indian manufacturing industries. Due to lockdown and quarantine the all product of import and export are shut down. This covid-19 has also impact on the demand and supply side. The supplies of the products are very slow due to lockdown. With the help of this research paper we enlighten the impact on covid-19.

Full Text:

INTRODUCTION

At the end of 2019, a novel covid-19 has identified as cause of cluster of pneumonia cases in Wuhan in city in the Hubei in province of china. It rapidly spread resulting is an epidemic throughout china followed by an increasing number of cases in other country throughout the world. United states, Spain, Italy, Germany, China, are the most effected countries due to the impact of covid-19. That’s why there is a lockdown situation in the India or many countries due to every sector has to be suffered like manufacturing sector, banking sector, etc. the impact on covid-19 on manufacturing industries like automobile, food and beverage, chemical industries, electronics, metal, aviation, pharmaceutical, and others. The spread the novel covid-19 pandemic is likely has halted all the operation and businesses in India. Most of the things we import from the china. But now all the imports are shut down. So the major impact on the covid-19 on manufacturing industries to prove essential products and take care of the social distancing among customers.

References:

1.https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-manufacturing-industry

2.https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/news/company/corporate-trends/manufacturing-grinds-toahaltinkeysectors/amp_articleshow/74765038.cmsamp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15857528233250&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fm.economictimes.com%2Fnews%2Fcompany%2Fcorporatetrends%2Fmanufacturing-grinds-to-a-halt-in-key-sectors%2Farticleshow%2F74765038.cms