ISSN: 2642-6250
Authors: Suresh K*
Introduction: The entire world is assuming that it is fighting a war against Covid 19. After more than six months since the world first heard of the novel Corona virus, we still do not know many things about it. This pandemic will amplify existing social fractures and inequalities. Purpose: The purpose of this paper is to highlight the economic impact of the pandemic due to rising joblessness and shrinking economies, investments in building infrastructure and cost of care in hospitals and subsistence to the poor and labourers etc Design: This is a review of Covid 19 pandemic its impact on health and economic of India Findings: The immediate impact of the COVID-19 virus- fear, illness, and death are explicit. Indirect health effects like more people dying of other chronic morbidities due to poor access to services during lockdowns and denying of non-emergency care for over 6 months. Most importantly people are losing trust in healthcare system. The issue of political consequenceshow world powerful countries choose to look after themselves versus the rest of the world that will define global politics over the coming decades. As some governments face perceived or actual failure to protect their citizens, leading to blame others. The issue of the social and economic impact due to rising joblessness and shrinking economies, investments in building infrastructure and cost of care in hospitals and subsistence to the poor and labourers is yet to be realized fully. The economic consequences of the pandemic may well be more significant for India than the epidemiological impact compared to any other large developing country. Conclusion: A valuable debate about whether India has the fiscal room to afford a substantial stimulus that is taking place. it is important to note that the size of India’s support program is by far the lowest, as a percentage of GDP, among the top 10 global economies. If policymakers make it abundantly clear that unconventional policies will be time- and event-specific and would be unwound once its objectives are achieved, the financial macro stability will not be affected. On the brighter side, investors should start focusing on a targeted fiscal package to be able to contain the immediate downside. Materials & Methods: Data Collection Methodology: This paper used the data from WHO dashboard, Ministry of Health & Family Welfare, GOI India or States National Health Mission websites or other websites, WHO dashboard or other websites like John Hopkins’s University, CDC Atlanta, NSSO, Google and Wikipedia etc. I have also used the data as reported in daily new papers, mainly Times of India, Bangalore, Delhi and Mumbai editions and other national English dailies and regional vernacular print media in southern states. Study Setting & Sampling: The review covers entire country by major states and cities setting. Being the secondary data review no sampling was done
Keywords: Enigma; Covid 19 (SARS COV2); Case Fatality Rate (CFR); Completed Case Fatality Rate (CCFR); Economy; Migrant Labour; Industrial Production
