How Spread of COVID-19 Affected Lives of People in India and the World?

How Spread of COVID-19 Affected Lives of People in India and the World?

Professor Dr. Shaikh Aftab Anwar

COVID-19 outbreak has made people stay inside their houses and thus they cannot carry out further business operations. The effects of COVID-19 pandemic have affected global economy.  These significant economic issues are hard to deal with. This disease spread has killed lakhs of people with unlimited numbers rising every day. Old aged are on the risk of getting affected to the most with COVID-19. It is especially for those who have been suffering from cardiovascular diseases, diabetes, and hypertension. These people are the maximum sufferers because they cannot support themselves with isolation.

Countries have been asking the World Bank to support them to tackle the Pandemic. It is a big challenge that has been confronting the whole world, showing inadequacies in the global governance structures.

The government of different nations has been struggling to deal with the deadly disease, which has been spread in more than 3.5 million people. Moreover, the announcement of lockdown has put down the global economy. COVID-19 has put tremendous risk to the population lagging in health care. Every new day there are around one lakh new cases of COVID-19 suffering people. And around 140 million in India has lost their jobs. India has to face a new challenge in the coming financial year.

The income of the people has dropped on a big scale. Poor people had faced the maximum impact of unemployment which raised from 6.7% to 26% by the end of April. Thus the financial year 2021 will be facing the negative rate of growth in the economy. This time, India will need rupees 720 lakh crores. This money will only let them overcome the faced circumstances. 

How COVID-19 affected the work area?

A consistent request to the World Bank has been made by the countries to provide excellent support in this pandemic situation. They are asking for help to buy the required medical goods such as masks, respirators, hospital beds, gowns, oxygen cylinders, hand sanitizers, etc. These are essential requirements in the pandemic time. Also, funds are necessary for raising awareness in the public areas and for the development of medical protocols so that hospitals can efficiently manage the cases and prevent intra-hospital infection. This year will face the most significant recession in the history of the world.

The specialists are working for 24 hours, joining hands with the banks and government to start implementing good plans for the goodness of the people. These specialists are working to manage the present activities and even address the challenges as given by the pandemic disease. The industries that affected the most include automobile and building material industries. Around 53% of the businesses got affected in India with one month lockdown system.

How has COVID-19 affected India?

The global governance structure has been affected the most with the confronting time of the Pandemic. In the present year GDP of India will slide to 1.1% because of COVID-19 outbreak. The economic growth in the last year was 5%, and for this year it will come down to 4.1%. This outbreak took lives of 130,000 people, and if lockdown continues then, India has to bear the loss of rupees 21.1 trillion of the nominal GVA. The expected nominal GDP of the next financial year would be around 4.2% as per records, and there will increase in the tax collection system. As per the survey conducted, there is a total of 373 million total workers performing regular and casual tasks. Out of them, self-employed is 52%, and casual workers are 25% and the rest 33% are daily earners.

Now, it needs some extra time to retool India back to its following economic conditions. Also, many crises have been addressed with this. However, in these unpredictable changes, India has still been working efficiently along with its international partners to stop the spread of disease.

There is a need to give a new way to the United Nations and multilateralism. However, currently, retires Akbaruddin also said that the work of the UN would not impede the election of India for the non-permanent seat. The elections for United Nations Security Council were supposed to take place on 17 June, but the Pandemic has stopped the members from several meetings. All of those meetings are postponed until the condition comes in hands.

The time of lockdown is just like survival for no reason. The businesses had a maximum impact with this change. For the middle-class families who were the daily earners, they had maximum suffering because they don’t even have something to eat three times a day. Not only in India but the entire world has been suffering from both social and economic impacts.

However, considering the impact of a pandemic on the lives of the people, it has been much provoking time for all the people. Not only on the economic terms, but quarantine life has even affected people mentally. Routines have been disturbed with the lockdown, which has lead people to lose semblance on their experience.

Impact of COVID-19 on the whole world

Globally, the world is facing a health crisis. This situation is like 75 years back in the history of the United Nations. It was killing people and had made them suffer a lot as in the past years. WHO has also considered declared that COVID-19 is the Pandemic disease. It has been attacking the societies on a large scale. UN DESA is a department to look after the sustainable growth of the nations. This department is busy monitoring the global and national social-economic trends and thus taking implications on the national and international levels. The entire world is suffering from the effects very severely, such that the economy went down for each nation. They have been looking for help from other countries. However, none can offer each other currently. They are all busy with their terms.

Referring to the economic conditions, the GDP rate for the current has fallen to 2.5% from 5.5%. The recession has lead to a significant issue and even worsened than in the past years. It resulted in a prolonged depression. All the countries especially developing countries has faced many economic challenges this time. There is a fall in the financial markets and other commodity pricing. It has disturbed the entire international market for trade and transport. There are no foreign exchanges, and thus it has devalued the foreign currencies. Currently, there is a demand for PPE kits and hence export and import for only medical equipment is taking place. However, as per the record of WTO, the developing countries will have an increment in the share in the global market from 46% to 57% by the end of 2030.

The lockdown situation in many nations has to lead to worse effects on the poverty conditions; people who have some disability, indigenous people, and youth.

Conclusion

During this deadly time, its time not to make a difference among people and hate the sufferers, but it’s time to support them and join hands together. It will be better if you protect yourself with proper sanitation techniques. It’s essential to maintain social distance from the people around you so that if one infected would not infect others.