Essay on post corona world,how covid-19 affected the economy and environment

 

 POST CORONA WORLD

The covid-19 crises has affected  societies and economies around the globe. Millions of jobs are on stake with the economy crashing and waiting to revive under the present coronavirus pandemic.The ongoing outbreak has hit all sectors of Indian and other country's labour market, not to ignore the start-ups and migrant workers.

Many companies like Meesho,1mg,BharatPe have laid-off employees during the Lockdown period.On the other hand,Bookmyshow Droom have cut down salaries even after the Government's instructions.These companies along with many more are also providing work from home jobs.Many companies like Meesho,1mg,BharatPe have laid-off employees during the Lockdown period.On the other hand,Bookmyshow Droom have cut down salaries even after the Government's 

work from home jobs have not just made lives for the regular working employees more painful and complicating,but have also left them with less to almost no time for their personal lives.not just this,the condition of the migrant labourers who walked back to their states amidst the miseries of hunger and joblessness are getting even worse.Many of them have already been replaced by others in their absence. Most are forced to work for underpaid jobs in lack of any options and many of them are still struggling to earn their bread.     

In a deteriorating market scenario,where the virus is heading towards second,third or even fourth wave,the joblessness in both the formal as well as informal sectors has left people with less hopes and more of worries for the coming days.

The worst hit by the pandemic are the daily-wage earners and roadside vendors,who are at greater risk to being both victims and carriers of the virus and also job loss. The imposition of a series of lockdowns one after the other had controlled the spread of virus to some extent but the immediate suffers from joblessness and job loss were innumerable and are still counting. 

Elderly people are losing their provident savings and middle class families are helplessly spending their hard-earned and saved money on everyday essentials where on one hand,they are losing their provident savings day by day,on other hand; they have no clue of how and when they will have a stable saving for later future.

Less demand in the market and selective buying habits evolved among the people has led to another regression in the economy.

Many migrant workers who have returned from their homes in hopes of joining back their jobs, are taken aback by their job loss and have returned back to their homes only to get back to minimal paying jobs under MGNREGA, manual scavenging and disguised employment in agriculture sector.

With turmoil in the domestic oil prises,not much remains for the already burdened middle-income ones who have been struggling with the back-breaking expenses.

job loss of more than a lakh has been estimated to occur in the numerous IT companies of India,because it relies on exports to western markets. Dismissals or involuntary leave without compensation has been backed by many noted media companies. The India State and Business standard had declared wage reductions.The most consequential set of public policy and mass behaviour change actions have been witnessed by us in our lifetimes during COVID-19 crises. 

 In the Aviation sector, employees of some domestic airlines, such as Goair and spicejet have been forced to leave wiothout pay and the airlines have also laid-off ex-pat pilots.

there have been reports 1from the International Ait Transport Organisation which stated that over 20 lakh employment in India's aviation industry is at stake.

The travel restrictions have been paralyzed by the hospitality sector. A statement has been published by The Federation of hotel and Restaurant Associations of India that cited that the potential job losses should seek financial delief from the government and the industrial body.

The export sector which heavily relies on exports of gearing, diamonds, gemstones, jewellery, art, engineering and others;has been totally crippled by the terror of the coronavirus. Indian goods' exports decreased by 34.6% and imports decresed by 28.7% in march,2020. This has further led to loss of employment in the sector.

The most consequential set of public policy and mass behaviour change actions have been witnessed by us in our lifetimes during the COVID-19 crisis. The future of work in this scenario depends on going digital, which has also seen a shift at an unprecedented rate.

The new rules are swiftly being adopted by people and organisations. it is thus important for us to recognize the changing needs of how we communicate and collaborate.

Along with job cuts, layoffs and shortages of employment opportunities,the coronavirus has also given a boost to discover new opportunities,the coronavirus has also given a boost to discover new opprtunities for emerging India.

Amidst the pandemic, Indian healthcare has experienced a transformative change. Caccines from Pfizer, AstraZeneca (Swedish-British company) and moderna have made to hadlines for their efficacy and hence raised hopes amongst billions across the globe. Global pharma major Pfizer has stated its commitment of engaging with the Indian government for exploring opportunities to make Pfizer/bioNTech vaccine in India.