Covid-19 and following lockdown impact on the country
On the 24th of March with ever-transgressing Covid cases, the Prime minister of India, Narendra Modi addressed the entire nation and declared a nationwide lockdown. He had announced that there would be an imposition of a total ban on the people from going out of their homes for 21 days in the wake of the COVID crisis. The lockdown was announced rather hastily only in a prior four-hour notice and was made into operation from midnight itself. There was the imposition of stringent lockdown measures, streets were patrolled by the police and only in times of absolute emergencies were the general public allowed to go out adorning proper safety measures.
As expected, already there had been a tremendous blow to the economy and the healthcare facilities in the wake of the previous lockdown.
Impact on economy
As per the official reports that were released by the ministry of statistics and program implementation, the Indian economy had plunged by 7.3% from April to the June quarter of the year. By record, this was the worst fall in the economy ever observed in the quarterly statistical reports since 1996. There were steep uprisings in unemployment however shockingly neither the state nor the central governments had any record of the loss of the jobs of thousands of migrant workers who had lost their jobs in the lockdown.
Second wave and its impact on the economy
The second wave of COVID-19 had worsened the already looping cracks in the economy and exposed it to further vulnerabilities. As factories, business outposts, shops, eateries, transport amenities were all shut down, it offered a more staggering blow to the already crippled Indian economy.
