The Novel Coronavirus Disease (COVID-19) outbreak was labelled as a pandemic by the World Health Organization (WHO) on 11th March. Hence, it implied that countries must take preventive steps to curb the spread.
The first case of COVID-19 can be traced back to Wuhan, China on 17th November 2019. Which led to an outbreak of coronavirus in Wuhan. This information was later disclosed by the Chinese authorities to the WHO on 31st December 2019 when it was already too late. This virus had already reached various countries like Italy, France, Spain and the USA by then. India although reported its first case on 30th January 2020 when an Indian student from came back to Kerela from Wuhan. Later cases from other states also started showing up, and to prevent an outbreak in India, the government urged to avoid mass gatherings. Later, when the countries like Italy, China, Spain and the USA showed a sudden spike in the number of reported cases of COVID-19, WHO requested other nations to take preventive steps. On 11th March, the WHO declared the outbreak of novel coronavirus (COVID-19) as pandemic. Later, PM Modi announced a 21-day lockdown to curb the spreading of virus. India has already reported over 2000+ cases and is feared to enter stage 3.
SWOT analysis of India against COVID-19
Expected impact on the market
Various industries are expected to face a hard time during
this pandemic. To name a few; Exports, Apparel, consumer durables, electronics,
aviation, tourism, hospitality, recreation, logistics, and automobile.
Various countries like the USA, the UK, that were major importers of Indian products are facing an emergency situation which would reduce the trade with other nations. The government would spend more on healthcare, consumers would prefer spending money on essentials and saving the rest for any emergency. With this outbreak of COVID-19, the aviation, travel, tourism and hospitality industry are also expected to face a crisis. Moreover, the fear of community transmission of the disease would also affect the people in spending on recreation activities. While various industries might be facing a hard time, some industries are expected to get a boost during this phase. Healthcare, infrastructure, Telecommunications are some of them. India’s healthcare industry is currently unprepared for such a situation. Moreover, with the World Bank offering $1 Billion to improve the healthcare industry and people contributing towards PM care fund, we can expect this sector to grow over the coming years. Hence a similar growth is expected in the infrastructure industry which can help in establishment of more hospitals and better facilities. Since, the work scenario is changing over the years and e-learning, e-meetings etc are taking over, the telecommunications industry is also expected to get a boost.