Impact Of Coronavirus On Indian Markets
The Indian market has slowed down due to coronavirus in the last three months. This affects not only the Indian markets but also the global market. There is no other option but to live with coronavirus and earn a living.
The epidemic coronavirus has given a tough competition to the Indian and global markets. The government shut down everything to break the chain of coronavirus transmission. And because of this, the Indian economy has come down. It adversely affects the stock market of India. For the first time, Indian citizens have experienced a three-month full lockdown in history. Not only Indian markets are going through this critical phase but the rest of the world as well. Everyone is experiencing the outbreak of this epidemic. The Government of India took all possible steps to level the epidemic coronavirus curve.
How Coronavirus Affects Indian Markets?
For the past three months, this deadly virus has dominated all possible arenas. Still, COVID-19 cases are growing rapidly. A large number of 4 lakh COVID-19 cases are truly frightening. And people are afraid to get out of their safe zone. Some businesses have shut down completely and many have lost their jobs due to the intensity of the epidemic. However, the government has announced several incentive packages. But India stands out against a much stronger opponent as COVID-19. This crippled the Indian economy in terms of productivity. For Indian marketers, it is quite difficult to re-establish business and make connections. Because demand and supply are not happening in a balanced way.
The services sector plays an important role in the smooth functioning of Indian markets. Due to health risks, people are not stepping outside their homes. Therefore, it takes away labor productivity. Secondly, people are investing their money on essential commodities, due to which the small business is unable to make purchases and this is affecting large construction companies in a big way. The closure of industries and factories led to the loss of many jobs. Right now the markets are passing through the ambiguity of the trends and they do not have any upcoming plans. If we look at the market with an investment lens, experts predict that the lack of volatility in the Indian market will be prolonged.
To come out of this severe market downturn, we need to strictly follow the recommendations of our Prime Minister Narendra Modi otherwise it will be very difficult to come out of this big problem.