Corona Pandemic Crisis Impact on Jobs in India

The lockdown impacts at least 49 million people across the world are expected to fall into “extreme poverty” as a direct result of the corona pandemic crisis economic destruction and India leads that projection, with some 12 million of its citizens expected to be pushed to the very margins in 2020.

As per the International Labour Organization, it is estimated that the pandemic could reduce global working hours by nearly 7% in Q2 of 2020 – equivalent to 195 million full-time jobs.

Communities Suffering the Worst

According to estimates from the Center for Monitoring Indian Economy (a private-sector think tank), some 122 million Indians were forced out of jobs last month alone. Daily wage workers and those employed by small businesses have been hit worst by this pandemic crisis. This also includes roadside vendors, construction industry operators, hawkers, and many who squeeze out a living by pushing handcarts and rickshaws.

As per researchers, they said rural areas were the hardest hit, and the economic misery was the lockdown result, rather than the spread of infections in the remote areas. More than 80% of households had experienced a drop income and many won’t survive much longer without aid, as per the report.

The government has promised cheap credit to farmers, direct transfer of money to the poor, and eased access to food security programs, but these help people who have some documentation, which many of the poorest don’t. With millions of poverty-stricken people now in transit across the country, the food security situation is terrible, news reports are emerging of people search for food through piles of rotting fruit or eating leaves.

How to Handle the Pandemic Consequences?

As COVID-19 continues to sweep the nation and the world, businesses are looking for ways to stay productive in the face of unprecedented challenges. Businesses have moved to Virtual Recruiting and Online Interviewing of job seekers. From the usage of teleconferencing technologies like Skype and Zoom for interviews to virtual onboarding of employees has become the new normal.

Maintaining social distancing and keeping the current employees safe is the most important exercise followed by organizations presently which have revamped and re-institutionalized the dynamics of operating the organizations.

Despite the challenges Coronavirus has put in front of us, the pandemic has quickly broadened the innovator’s space by creating a solution-based approach in a very short span of time.

Businesses can also look at alternative options like checkout finance to make purchases affordable for consumers by quickly changing the total cost of purchase into small, affordable installments.

Solutions like no-cost EMIs for high-ticket items will encourage buyers to purchase need-based items such as air conditioners, refrigerators, etc. Supporting the MSME sector is crucial for overcoming the local and national economy. One such pathway of support can come from farsighted fintech lenders, who have the technological prowess to serve new-to-credit segments and geographically untapped clusters, and provide them the financial support they require during these challenging situations.

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How to Keep Safe Your House and Family from Corona Virus?

With the increasing number of COVID-19 cases around the world, the more desperate governments are working towards bringing out a cure. As the search for a vaccine continues, simple home remedies such as practicing hygiene, staying indoors and avoiding crowded places can help you and your family stay safe.

How Does COVID-19 Spread?

According to the World Health Organisation (WHO), the deadly coronavirus is said to spread from only infected humans-to-humans. Since this is a respiratory virus, it affects another by coughing, sneezing, or by talking. In such a scenario, it is recommended that you use a face mask without the risk of being infected or infecting another person.

Basic Preventive Measures

These preventive tips can be used in numerous ways to prevent the spread of the virus. These preventive tips include:

  • Regularly washing hands with alcohol-based sanitizers and soap.

Clean your hands with soap and water for at least 20 seconds, or use alcohol-based hand sanitizer. Stay in your space or room and use a separate bathroom from other people in the home.

Use separate dishes, glasses, cups, and eating utensils and not share these with other household members. After use, run them through with very hot soapy water. Practice separate bedding and towels and not share these with other household members. 

  • Cover mouth and nose with elbow or tissues when coughing or sneezing.

Wear a cloth face covering if they must be around other people. Cloth face coverings are for use only by people older than 2 years old who are not having trouble breathing. Do not leave a child alone while they’re wearing a cloth face covering. To see how to put on and remove cloth face coverings and face masks, clean them, or make your own cloth face covering. Cover coughs and sneezes with a tissue, throw the tissue away and then wash their hands right away.

  • Consult a doctor if you have a fever, cough, and difficulty breathing.

The person who is sick should stay home unless they need medical attention.

Other household members also should stay at home. Follow instructions from your doctor, local health care department, about who should stay home and for how long. If you must go out of the house, wear a cloth face covering or face mask and keep at least 6 feet (2 meters) of the distance between you and other people.

Tell other people who were around the sick person. Your local or state health department can help you if you aren’t sure who to notify.

All household members should wash their hands often. Wash the sick person’s used clothes, bedding, and towels with detergent on the hottest temperature possible. Wear gloves when washing their laundry, if possible. Wash your hands well after handling the laundry.

If the person who is sick can’t wear a cloth face covering (or face mask), caregivers should wear one while they’re in the same room.

Also:

  • Avoid close contact with anyone with flu, cough, and cold symptoms.
  • Regularly clean phones, light switches, taps, and doorknobs with disinfectants.
  • Make sure shared spaces in the home have good airflow. You can open a window or turn on an air filter or air conditioner.
  • Keep a sick child’s toys separate from other toys, if possible.
  • Do not allow visitors into your home. This includes children and adults. 

Every day, use a household cleaner or wipe to clean things that get touched a lot. These include doorknobs, light switches, toys, remote controls, sink handles, counters, and phones. 

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Corona Virus Disease (COVID-19) – How it Spreads?

Covid-19 has infected over 11 million people worldwide and claimed more than 5,00,000 lives with Europe and the United States passing China where the pandemic started last December 2019.

The above is the latest data by 12 July 2020. 

The data is self-explanatory about the current pandemic situation. To stop the spread of COVID 19 is still a big challenge for all countries. As the health and human toll is increasing, the economic damage is already evident and pictures the largest economic shock the world has experienced in decades.

At the moment, many countries have taken actions — some of them stringent — to slow down the spread of SARS-CoV-2 (the virus that causes COVID-19). While some of these countries are now considering whether to ease the measures, others have already decided to keep them in place over the following weeks.

How COVID Spreads?

The virus appears to spread easily among people, and more continues to be discovered over time about how it spreads. 

  • Data has revealed that it spreads from person to person among those in close contact from 6 feet or 2 meters. 
  • The virus spreads by respiratory droplets discharged when someone with the virus coughs, sneezes, or communicate.
  •  These droplets can be inhaled or land in the mouth or nose of a person who is standing near to the infected person.
  • It can also spread if a person touches a surface with the virus on it and then touches his or her mouth, nose, or eyes, although this isn’t estimated to be the major cause of virus spread.

Preventive Measure to Slow Down the Spread of COVID 19

  • It is clear from available data and experience, that limiting close contact between infected people and others is central to breaking chains of transmission of the virus causing COVID-19. 
  • Prevention of transmission is best achieved by identifying suspect cases as quickly as possible, testing, and isolating infectious cases. 
  •  It is critical to identify all close contacts of infected people so that they can be quarantined to limit the onward spread and break chains of transmission.
  •  Quarantining close contacts, potential secondary cases will already be separated from others before they develop symptoms or they start emitting virus if they are infected, thus preventing the opportunity for further spread. 
  • The incubation period of COVID-19, which is the time between exposure to the virus and symptom onset, is on average 5-6 days but can be as long as 14 days. 
  •  Quarantine should be in place for 14 days from the last exposure to a confirmed case. If it is not feasible for the infected person to quarantine in a separate living space, self-quarantine for 14 days at home is required; those in self-quarantine may require support during the use of physical distancing measures to prevent the spread of the virus.

Masks are major barrier between you and COVID-19

  • Infected people without symptoms can transmit the virus, it is also advised to encourage the use of fabric face masks in public areas where there is community transmission and where other prevention measures, to maintain physical distancing, are not possible.
  • Fabric masks, if made and worn correctly, can serve as a barrier to droplets withdraw from the wearer into the air.
  • Masks must be practiced as part of a complete package of preventive actions, which includes regular hand hygiene, physical distancing, respiratory etiquette, environmental cleaning, and disinfection.
  •  Prescribed precautions also include avoiding indoor crowded gatherings as much as possible, in particular when physical distancing is not feasible, and ensuring good environmental ventilation in any closed setting. 
  • Regular use of a medical mask by health workers and caregivers working in all clinical fields, during all routine activities throughout the entire time.
  • Regular practice of hand hygiene. 
  •  Avoid overcrowded places to protect others, and ensure good environmental ventilation in all closed settings and appropriate environmental cleaning and sensitization.
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How Corona Virus effected Indian and World Economy

The world has changed dramatically in the past three months. Worldwide nations, trying hard to gain control over COVID-19 pandemic. The lockdown period, global recession, and changes in consumer behavior are the three major factors that will shape the course of economic activities in the near future.

The Present Situation

3.51 Million is a huge number and more gut-wrenching that this number belongs to the global number of deaths due to corona, rather not a profit value of any deal. To slow down the bedspread of the Corona Virus, the government is left with one option, nationwide Lockdown. Global Lockdown that closed the majority of the factories and businesses, suspended flights, trains and public transportation, restricted movement of vehicles and people, cost the Indian economy Rs 7-8 lakh crore during the 21-day period.

The study unveils that the coronavirus is associated with the highest level of uncertainty in the economic context since the index started recording data. 

Global Economic Figures and Interconnected Economy

  • The International Monetary Fund (IMF ) has reviewed its global GDP growth estimate from 3.3% just 3 months ago to shrinkage of 3%. 
  • As per World economic forecasting model, three-week lockdown would likely have an economic cost of USD 120 billion which is now estimated to bloat up to USD 234.4 billion.
  • India as a developing nation, its figures are more heart-wrenching. It was earlier anticipating India to clock a 2.5 % growth in 2020, which has now been projected to be zero, while the FY21 growth has been revised down to 0.8 % from the 3.5 % earlier, surveyed by Barclays.

Figures are huge but in the last…..

Global markets look worried about deglobalization and trade war, as the economy could shrink to 1%,  which will ultimately impact economies, raise unemployment, and provoke possible bankruptcies in the future. The more suffering COVID-19 causes, the more serious its economic, social, and political effects are likely to be, at least till the vaccine has been discovered.

CoronaImpacted, an NGO working tirelessly for people who get worst effected by corona. Our volunteers are working on every side and nock to reach people as many they can. We are creating and running campaigns for corona awareness along with providing them basic utility items and daily need grocery food items.

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