Coronavirus Outbreaks News – According to the onset of Coronovirus pandemic across the globe, the latest updates are –Total cases are 219,345.
Out of this 8,969 deaths have occurred, recovered 85,745.
Currently infected patients are 124,631, Closed cases are 94,714 in which recovered cases are 85,745 and 8,969 deaths have occurred.
With this onset, Coronavirus (Covid-19) seems to have a clear impact on business worldwide.
The international economy is entering a downturn.
Due to which the Indian economy is also being affected.
Indian economy can be seen to have gone through three phases of development-disaster-developmenthttps://www.thetruepicture.org/indian-economy-reform-growth/
https://fundsinstructor.com/indian-fiscal-policy-affects-under-lockdown-in-the-new-f-y-2020-21/The whole world is under pressure to fight with the worldwide big problem called COVID-19.Under the situation, Prime Minister Narender Modi take a difficult step and announced a 21 days lockdown in India from 25th March to stop the spreading pandemic of corona-virus.The corona-virus affect economy and Indian Finance Minister Nirmala Sitharam has already declared a COVID-19 relief package of ₹1.7 lakh crore and may be planning more to support the Indian economy in the global recession.
According to Fitch Solutions to the announcement encouragement package to the economy due to COVID-19, the Indian Government’s fiscal deficit may shoot up to 6.2% of GDP from 3.5% in the current year.
FedEx Express India vice president for Operations Mohamad Sayegh said that small and medium enterprises (SMEs) are the growth engine of the Indian economy and it is important to connect them with the new solutions and possibilities.https://www.itln.in/smes-are-the-growth-engine-of-our-economy-and-employment-fedex-india-supply-chain