UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 8 Issue 8
August-2021
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2108401


Registration ID:
313521

Page Number

d231-d238

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Title

COVID-19 PANDEMIC ---A GAME CHANGER FOR BUSINESS ENVIRONMENT

Abstract

The covid-19 pandemic has had far reaching economic consequences beyond the spread of the disease itself and efforts to quarantine it. As SARS-COV-2 virus has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business in the service sector. Estimates indicated that the virus reduced global economic growth in 2020 to an annualized rate of -3.4% to -7.6%, with a recovery of 4.2% to 5.6% projected for 2021. Global trade is estimated to have fallen by 5.3% in 2020, but is projected to grow by 8.0% in 2021.The impact of the pandemic on India has also been largely disruptive interns of economic activity as well as a loss of human lives. The covid-19 outbreak was triggered in December 2019 in the city of Wuhan, which is in the Hubei province of china. The virus continues to spread across the world. Although the epicenter of the outbreak was initially china, it has grasped almost each and every country. Amidst the significant public health risk covid-19 poses to the world, The World Health Organization (WHO) has declared a public Health emergency of international responses to the disease. The economic and social disruption caused by the pandemic is devastating: with millions of people at risk of falling into extreme poverty. The economic variables had come to a standstill, thereby compelling many countries to restructure its macroeconomic frameworks in line with the management of the pandemic so as to minimize its impact on the economy and its stakeholders in general. The paper has analyzed the trends of changes in the business environment post-covid-19 pandemic in terms of its impact on education, MSMEs and the hospitality sector at large. The study has stressed on the need for a holistic approach to manage the post pandemic crisis in a prudent manner with effective supply chain management, both at the national as well as at the international level.

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"COVID-19 PANDEMIC ---A GAME CHANGER FOR BUSINESS ENVIRONMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.d231-d238, August-2021, Available :http://www.jetir.org/papers/JETIR2108401.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"COVID-19 PANDEMIC ---A GAME CHANGER FOR BUSINESS ENVIRONMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppd231-d238, August-2021, Available at : http://www.jetir.org/papers/JETIR2108401.pdf

Publication Details

Published Paper ID: JETIR2108401
Registration ID: 313521
Published In: Volume 8 | Issue 8 | Year August-2021
DOI (Digital Object Identifier):
Page No: d231-d238
Country: MAPUSA, Goa, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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