IMPACT OF COVID-19 ON BUSINESS AND LIFESTYLE

IMPACT OF COVID-19 ON BUSINESS AND LIFESTYLE

We have never thought that we would be sitting home when there was no personal reason. This COVID19 outbreak created a huge impact on the economy.

IMPACT OF COVID19 ON BUSINESS, MARKET, EMPLOYMENT AND LIFESTYLE

We have never thought that we would be sitting home when there was no personal reason. This COVID19 outbreak created a huge impact on the economy. The impact can be seen in every business sector. Some businesses have attained peak and recognized by all  and some businesses have attained losses.

 Some businesses still withstand by maintaining their seasonal marketing strategies. On one side there is a huge impact on the businesses as manufacturing, operating and logistics companies will face a huge loss because of the outbreak while on the other side, the FMCG market will somehow sustaining itself.

Impact of COVID-19 on  Technology and Education

Impact of COVID-19 is different for many sectors like education sector has managed to continue through online classes via various applications and websites. Online and network usage consumption has increased as there is no other means for people to spend their time. Technology plays a vital role during this outbreak. Recharging, paying bills, Banking, Grocery and FMCG orders, Education and learning, Working and some other sectors are depending on technology for their daily operations.

Big shifts in stock markets has come.  Share market have all seen huge falls since the outbreak began onDecember 31st, 2019. Even Cash Flow in the economy is affected a lot.

Impact on Agriculture Sector

 The agriculture sector which is the backbone of our nation is quite good and the market is going well. But it differs for other cultivators like paddy. Further, government has allowed the agricultural sector for crop cutting and selling government outlets opened for the same and also strengthened the MSP of agricultural produce.

 On one hand some companies have allowed their employees to do work from home in order to help them in this  hard time and paying them full salary. But  on other hand,  cases of expulsion of employees has increased signaling an end to a decade of expansion for one of the world's largest economies due to no proper relaxation from the sectoral authorities.

Impact on lifestyle

People’s lifestyle has changed as they are free and no time restrictions to stick with. Some people are using their time productively. On the other hand some are just using their leisure time with their family. People also started to explore their hidden talents like art, pencil sketching, cooking, etc. The daily routine of many people have changed as they are not able to follow the proper routine. This Covid 19 may have an impact on the life of many people and a life-changing one.

As the effects of the coronavirus outbreak is continue to spindle out, so all of us need be warned, be prepared and, most importantly, be hopeful to come out of this hard time. At last, Stay home, stay safe and follow social distancing and other guidelines issued by the government from time to time.

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