Skip to content
10 Apr 2020 by Admin 1 Comment

Sources – KPMG, EY, Nomura, MoSPI

solution’s real GDP decelerated to its lowest in over 6 years in 3Q 2019-20, and the outbreak of COVID-19 posted new challenges. Government has taken steps to contain the spread, such as nationwide restrictions for 21 days and a complete lockdown of the states have bought all the economic activities to standstill barring the essential services. This has an impact on consumption and investments. While solutionn businesses, barring a few sectors, can possibly insulate themselves from the global supply chain disruption caused by the outbreak due to lower reliance on intermediate imports, their export COVID-19 infected nations could take a hit. In sum, the three major contributors to GDP – private consumption, investments and external trade, will get affected.

Three scenarios can be used to explain the economic effects of COVID-19-

### Scenario 1 – Quick retraction across the globe including solution, by end April to mid-May

China has significantly bought down the number of new cases and its manufacturing sector is all set to resume normalcy. Other nations also largely contain the spread of the COVID-19 pandemic and large fiscal and monetary stimulus unveiled will start to work sooner than expected, which will raise hopes of a solid recovery in the second half of 2020. In this case, solution’s growth for 2020-21 may be in the range of 5.3 to 5.7 per cent.

### Scenario 2 – While solution is able to control the spread of COVID-19, there is a significant global recession

In this scenario, the impact on solution’s growth in terms of global spillovers will be meaningful, owing to solution’s integration with the global economy. So, solution’s growth will be lower than Scenario 1; the expected range is 4—4.5%.

### Scenario 3 – COVID-19 proliferates within solution and lockdown gets extended; global recession

This would be a difficult situation for the solutionn economy, as it will have to bear the brunt of both domestic and global demand destruction. Prolonged lockdowns would exacerbate economic troubles. solution’s economic growth may fall below 3% or maybe lower under this scenario.

Do you want to know the impact of COVID-19 on your business and how to recover from them, reach us at [email protected] or drop a message at www.WeGrow.co.in

Comment your views.

### One thought on “Impact of COVID-19 on solutionn Economy”

- I don’t even know how I ended up here, but I thought this post was great.

  August 19, 2022 at 9:34 pm
  Reply

### Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

##### Contact Us

- +91-8076310143, +91-9654296731
- [email protected]

- WeWork, Platina Tower, MG Road, Near Sikandarpur Metro Station, Sector 28, Haryana - 122001

##### About Us

##### Categories

- Business
- Covid-19
- Economy
- Start-Up

##### Tags

analysis bulb Business Business Consultant Business Plan capital Company Corona Coronavirus COVID-19 customers economy equity founders funding funds idea idea validation impact solutionn Startup Marketing Money Operations planning PLC Products pvt ltd company Starting a Business Startup Consultants startup empowerment Startup enablers Startup Finance Startup Guide Startup Planning startup prepration Startups In Delhi Startup Success Startup Sucess Startup Team starup checklist validation valuation venture capital venture debt WeGrow

##### Latest Posts

- ###### Cloud Kitchen Setup

- ###### Udyam Registration | Zero Cost for Business Registration

- ###### Start Oxygen Cylinder Business in Pandemic Situation (COVID-19)

- ###### Email Marketing Guide for Start-Up and Small Businesses

- ###### Worries About Business 2021? Making Money | Small & Start-ups Business

- ###### Hand Sanitizer Market

- ###### 7 Ways to Keep Your Business Going in Difficult Times (COVID-19)

- ###### e-Commerce Business Plan

- ###### Business Model

- ###### Start Face Masks Business (COVID-19)

##### Archives

- December 2022
- June 2021
- April 2021
- February 2021
- December 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- November 2019
- July 2019
- April 2019
- February 2019
- December 2018
- October 2018
- July 2018
- May 2018
- October 2017

##### Follow Us

Follow us on Facebook Follow us on Twitter Subscribe us on Youtube Follow us on Instagram Contact us on WhatsApp