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The novel coronavirus has had a disastrous impact across the globe. The impact of the virus has been massive and resulted in life losses, limited healthcare facilities, and supplies, food scarcity, jobs lost, furlough, and various other factors. The businesses have a massive impact, revenue losses, profits missed, and quotas hit. The growth rates of various industries will be affected in the coming years too.
The oil sector is in the midst of two crisis that is creating an unprecedented situation that could last well into 2021-Drastic fall in oil prices and impact caused by COVID 19.
Food and beverage face very big challenges to provide raw material to the company the transport system is collapsing due to that the raw material is not reached to the proper place at the exact price. The manufacturing company faces a very big challenge to the time of output. And we all understand the closing of bar and restaurant, there is also trickle-down effect impacting on the business associated with these establishments.
The manufacturing sector which was already buckling under immense stress has been among the worst-hit; with a complete shutdown of production and supply chain disruption. The drastic fail in demand across most of the manufacturing units has further compounded the sector worst. The Industrial control sector is facing deferred demand, supply chain disruptions, and potential plant closures, dramatically impacting retail and purchasing prices.
Before this epidemic, India’s nominal GDP growth rate was estimated at 12% in 2019-2020. The position of India was retained as the third largest startup base in the world. The year 2019 has faced several ups and downs in the Real Estate Sector. Because of the ongoing NBFC crisis which eventually results in squeezing of liquidity and slow pace of recovery in sales. But, the successfully launching of India’s First Real Estate Investment Trust (REIT) opened new ways for approaching crisis issues. Hence it was a balanced year who had kept a lot of advancements for the next year.
Banking. Financial Services and Insurance is a booming sector with a variety of services and financial products. All the firms under BFSI are developing the products and services with the alignment of evolving technology and changes in customer preferences before the COVID outbreak. The aim of the firms in capturing the market share was higher and cutthroat competitiveness among Big firms. The liquidity available in the companies was not bad, due to before COVID 19 also we are at the point of the recession, but that challenges have been overcome by the proper operating of monetary policy and fiscal policy for providing the adequate liquidity in the market.
Power companies have a solid reputation for planning for crises. As a supplier of the basic framework, the industry should get ready for — and be set up to react to — numerous predictable dangers, including health hazards.
Telecom businesses are one of the top best-evaluated ventures in the market. With the developing time of digitalization, the industry has doubled its pace in the present pandemic crisis. According to the assets it is seen that the media transmission industry produces an upwards of roughly (1.4 trillion USD) in administration incomes every year. Subsequently with the rising pace of these market income are making a superior main thrust on the telecom business with a superior compound yearly development rate CAGR.
Major sports leagues across the world including EPL, La Liga, Seria A, NBA, Champions League, bilateral cricket tournaments are suspended at least until the first week of May as governments scramble to contain the spread of the virus which has been declared a global pandemic by the World Health Organization. UEFA EURO 2020 and COPA America 2020, the two major football events scheduled to take place this year in June have also been pushed to 2021. Even the Olympics 2020 being held in Japan face the threat of cancellation or postponement if the pandemic does not subside in the next couple of months. More recently, the Indian Super League finals between ATK & FC had to be played behind closed doors. The Guinness Six Nations, London Marathon, and Formula One have also been impacted, as has golf after the Masters was postponed. With the Olympics also on the horizon, this summer has been postponed.
For the logistics industry, the lack of clarity on policies on transportation of essential and non-essential goods, lakhs of stranded vehicles on roads and the absence of migrant laborers, a key resource for warehousing and transportation segments, are big dampener and the current challenges and the outlook for the logistics industry, Rampraveen Swaminathan, MD and CEO at Mahindra Logistics, said it will take several weeks for the industry to stabilize after the lockdown is lifted.
Many companies started to move into the hybrid-cloud approach as it serves as an interim step in the long process of digital transformation. Also, multi-cloud solutions are being adopted by various providers. Also, the cloud-based solutions should be providing the path for AI capabilities. With an increase in IoT devices, the time is right for edge computing to experience significant growth across industries like manufacturing, health care, retail, energy, logistics, agriculture, and financial services.
The Indian hospitality industry is undoubtedly one of the biggest casualties of the COVID-19 outbreak as demand has declined to an all-time low. Global travel advisories, suspension of Visas, the imposition of Section-144 (prohibition against mass gatherings), India like most other countries are on lockdown, the ramifications of which are unprecedented. Foreign Tourist Arrivals (FTAs) into India (particularly leisure travelers) started softening in February, as the spread continued its unabated movement to other countries. Following suit, the Indian Government suspended travel visas (with a few exceptions) till 15th April 2020, which in all likelihood will be extended. Even if it is not, the paranoia surrounding the events will continue to have a major impact on travel.
COVID-19 Pandemic has strained the healthcare system of even the most developed nations and is predicted to trigger an unprecedented economic recession in recent history. COVID-19 pandemic affects health care networks around the world. The rapidly rising demand for health care services and health care staff is threatening to leave some health systems overstretched and incapable of functioning effectively. At more than 1.6 million positive cases globally, the number of people diagnosed with this virus has surpassed any other pandemic in recent history.
As COVID-19 has impacted more than 200 countries, government officials are on their toes to fight this battle against an invisible enemy. The best possible way to stop the spread is to lockdown the cities which are impacted the most, closing down all the non-essential services and allowing people to leave their house to buy essentials such as groceries.
Businesses face a fight to remain operational until the pandemic recedes, owing to its inherent nature of having high fixed operating expenses. The prevailing restrictions on travel have, for example, significantly brought down revenue for sit down establishments in several prominent business centers across the US as workers returned to their hometowns, thereby entirely depriving previously flourishing traditional restaurants and QSRs of their lunchtime clientele. Closer home, the National Restaurant Association of India has requested malls and landlords to waive off rentals for three months and adopt a revenue-sharing model for six months, which has prompted some mall owners to express their inability to do so, since they have yet to receive any form of relief themselves.
This sector contributes to the GDP and employment of 16.5 percent of GVA and 43 percent of employment according to data (2019-2020).
Food and grocery distribution is a change to the e-marketing In the domestic trade. Dry food groceries, agrochemicals fresh product, dairy, perishable, and spices. All of the sales are a hike due to panic buying.
The Indian IT industry is the USD177 Billion and the growth of which is slated at 6.1% year on year. But due to the Covid-19 impact, it is expected that there will be a growth of 3-5% in the current financial year according to rating agency IRCA. It contributes to 8% of India’s GDP.
This sector includes two major components which are IT services and BPO (Business Process Outsourcing), IT services are mostly responsible for software development, software management, online services, cloud services, etc.
Telecom businesses are one of the top best-evaluated ventures in the market. With the developing time of digitalization, the industry has doubled its pace in the present pandemic crisis. This sector contributes to 6.5 percent of total GDP and has given employment to 4 million people in the year 2019-2020. Though there is a net fall in subscribers due to pandemic total subscriptions were 1.19 billion as of 30 September 2019. However, it should be noted that teledensity is 88.56 percent and FDI equity inflows are 8.13 percent.
The transportation sector has been one of the first victims of COVID-19. India's overall energy demand fell by 11% in March 2020. There is a surge in demand for truck drivers in the transportation of essential goods. As an example, there's a 40% to 60% increase of products being moved into grocery stores and warehouses in the US, since, COVID spread started. Since February, the web food orders have dropped by 20% whereas online grocery orders are overflowing.
Talk about this portfolio piece--who you did it for and why, plus what the results were (potential customers love to hear about real-world results). Discuss any unique facets of the project--was it accomplished under an impossible deadline?--and show how your business went above and beyond to make the impossible happen.The Indian pharmaceutical industry has been a world leader in generics, both internationally and in domestic markets, substantially contributing in volume to the global demand for generics. Made-in-India drugs given to industrialized economies like the US, EU, and Japan are known for their protection and efficiency. In recent years, India has seen increasing competition from China, which it has been able to exploit due to its inherent cost advantage, manufacturing intermediates and APIs at a much lower cost than those in India, leading to a steady rise in API imports from China to India, which in turn has resulted in the depletion of domestic production capacity for some main APIs.
The trade on the wholesale power market comprises just 4.3 percent of the total electricity transactions. However, the transactions through the power exchanges have grown over the last decade. The Indian Energy Exchange (IEX) has seen a growth from 2616 MU in FY 2009 to 52,241 in FY 2019.
As a reason for the lockdown, the banks will be impacted heavily due to the recessionary and low flow of funds and investments. There will be heavy defaults on the loan i.e.: - Increase in the NPA of the banks and NBFC, this is due to the unavailable of the funds due to the lockdown. As a result, the Lender of last resort will fluctuate the interest rates and income for the financial institutions will be severely affected. The current situation is leading the banks for fewer transactions and as a cause, the domestic and international transaction fee income is being declined to the banks.
The Indian hospitality industry is undoubtedly one of the biggest casualties of the COVID-19 outbreak as demand has declined to an all-time low. Global travel advisories, suspension of Visas, the imposition of Section-144 (prohibition against mass gatherings), India like most other countries are on lockdown, the ramifications of which are unprecedented. Foreign Tourist Arrivals (FTAs) into India (particularly leisure travelers) started softening in February, as the spread continued its unabated movement to other countries.
Information Technology sector in India is an industry which is a key part of the country's economy. This sector includes two major components which are IT services and BPO (Business Process Outsourcing), IT services are mostly responsible for software development, software management, online services, cloud services, etc.