ECONOMIC CRISIS DUE TO COVID19

       Economic crisis due to Corona virus
CRISIS OF ECONOMIC


The Covid 19 outbreak now a  pandamic according to WHO (World Health Organization) is rapidly evolving into a human tragedy which is distributing economic activities of all effect countries. Financial markets across the world experiencing intense volatility and financial conditions have tightened world wide policy authorities have responded the emergency measures and more recently economies have coordinated  large policy rate reduction with activation of swap lines as well as quantitative and credit easing. Estimations of consequent loss of global growth are currently placed in the range of 0.4% to 1.5%. Indian sectors such as Airlines, Tourism, Hospitality Industries, domestic transport and trade are suffering a loss of activities. In all countries of the world, the impact of this virus is showing it's strength and the battle is between a virus and humanity.



India is lock down and everything has been stopped which is causing down growth of indian economy and  not only in india it is also effecting economy of other countries and which may be cause global economy slowdown and recently global economy slow down happened due to trade war between America and china, so one more time it can happen. Indian premier League (IPL) which is one of the most famous events and one of the most profitable business has been stopped due to impact of corona virus, trades are stopped which is also bas for business man. More than 50 people cannot gather in a place and that's why almost every events has been stopped and bollywood industries which is one of the most profit maker industries has been also stopped and this lockdown in india will over on 15th of April. China has almost controlled this virus to spread by a lockdown of 2 months. Tourism is also one of the most profitable business for India which is stopped for a while.


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