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    How COVID-19 Impacted Our Economy

    Uploaded by

    Jay Soni
    The document summarizes how COVID-19 impacted India's economy. It discusses declines in GDP growth in the first quarter of 2021 compared to the previous year. Major industries like construction faced unprecedented challenges from lockdowns. Employment was greatly impacted with billions suffering worldwide. Non-banking finance sectors also saw increased credit risk during the pandemic.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    How COVID-19 Impacted Our Economy

    Uploaded by

    Jay Soni
    17 views9 pages
    The document summarizes how COVID-19 impacted India's economy. It discusses declines in GDP growth in the first quarter of 2021 compared to the previous year. Major industries like construction faced unprecedented challenges from lockdowns. Employment was greatly impacted with billions suffering worldwide. Non-banking finance sectors also saw increased credit risk during the pandemic.

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    How COVID-19 impacted our economy

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    The document summarizes how COVID-19 impacted India's economy. It discusses declines in GDP growth in the first quarter of 2021 compared to the previous year. Major industries like construction faced unprecedented challenges from lockdowns. Employment was greatly impacted with billions suffering worldwide. Non-banking finance sectors also saw increased credit risk during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views9 pages

    How COVID-19 Impacted Our Economy

    Uploaded by

    Jay Soni
    The document summarizes how COVID-19 impacted India's economy. It discusses declines in GDP growth in the first quarter of 2021 compared to the previous year. Major industries like construction faced unprecedented challenges from lockdowns. Employment was greatly impacted with billions suffering worldwide. Non-banking finance sectors also saw increased credit risk during the pandemic.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    How COVID-19 impacted our

    economy
    NAME –JAY SONI
    ROLL NO – 2
    SUBJECT - ECONOMICS
    NON BANKING
    GDP
    FINANCE

    COVID-19 impacted our


    economy

    ECONOMIC
    INDUSTRY INFRASTRUCTUR EMPLOYMENT
    E
    GDP

    INDIA'S QUARTERLY GDP WAS ESTIMATED TO GROW BY 0.4 PERCENT IN THE THIRD
    QUARTER OF FINANCIAL YEAR 2021 COMPARED TO THE SAME QUARTER IN THE
    PREVIOUS FISCAL YEAR. THIS WAS A SIGNIFICANT IMPROVEMENT FROM THE TIME
    BETWEEN APRIL AND JUNE 2020, WHEN THE COUNTRY WENT INTO LOCKDOWN TO
    CONTAIN THE VIRUS AND GDP GROWTH DECLINED BY NEARLY 25 PERCENT
    COMPARED TO THE SAME TIME PERIOD IN THE PREVIOUS YEAR.
    INDUSTRY
    THE ECONOMIC IMPACT OF THE 2019–20 CORONAVIRUS PANDEMIC IN INDIA HAS
    BEEN HUGELY DISRUPTIVE.
    MAJOR COMPANIES IN INDIA SUCH AS LARSEN & TOUBRO, BHARAT FORGE,
    ULTRATECH CEMENT, GRASIM INDUSTRIES, ADITYA BIRLA GROUP AND TATA MOTORS
    HAVE TEMPORARILY OR SIGNIFICANTLY REDUCED OPERATIONS.

    STOCK MARKETS IN INDIA POSTED THEIR WORST LOSES IN HISTORY ON 23 MARCH


    2020.
    ECONOMIC INFRASTRUCTURE
    EVEN THOUGH GROWTH IN THE CONSTRUCTION SECTOR SLOUCHED BETWEEN
    2011 AND 2015 WITH DEMAND FOR CONSTRUCTION EQUIPMENT WITNESSING A
    COMPLETE COLLAPSE, THE SECTOR MANAGED TO GROW POST-2015 AND THE
    SIGNS WERE GOOD, UNTIL THE LOCKDOWN IMPOSED ACROSS THE COUNTRY
    BROUGHT UNPRECEDENTED CHALLENGES, AND, IN MANY CASES, BUSINESS
    CONTINUITY PLANS ARE BEING PUT TO TEST FOR THE FIRST TIME.
    EMPLOYMENT
    BILLIONS OF PEOPLE HAVE BEEN SUFFERING FROM THE IMPACT OF THE GLOBAL
    PANDEMIC OF COVID-19. WHAT IS ALARMING IS THAT THE NUMBERS LIKELY
    STEM FROM UNDER-REPORTING, AND MAY PROBABLY RISE ALARMINGLY IN THE
    WEEKS AHEAD IF WE FACTOR IN ASYMPTOMATIC PATIENTS AND RAPID TESTS.
    GIVEN THAT PANDEMIC-DRIVEN CRISIS IS CONSTANTLY CHANGING, COUNTRIES
    ARE DESPERATE TO FLATTENING THE CURVE FOR COVID-19.
    NON-BANKING FINANCE

    NON-BANKS LARGELY CATER TO THE SELF-EMPLOYED BORROWER SEGMENT IN


    THE RETAIL SPACE, WHERE THE CASH FLOWS ARE EXPECTED TO BE MORE
    VOLATILE IN THE CURRENT SITUATION VIS-À-VIS THEIR SALARIED
    COUNTERPARTS. OTHER NON-BANKS (NON-RETAIL), WHICH MOSTLY HAVE
    EXPOSURE TO ENTITIES OR SMES WITH RELATIVELY MODERATE RISK PROFILES,
    ARE LIKELY TO WITNESS AN INCREASE IN THEIR CREDIT RISK IN THE CURRENT
    SCENARIO.

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