1 / 9

Which Industry Gets More Affected Due To Coronavirus?

Though online engagement has increased significantly. IT Tech solutions are available to fulfill your IT requirements in online projects. This lead to the collapsing of the economy.<br>Check it Out- https://bit.ly/2BCCSol<br>

Cisin
Download Presentation

Which Industry Gets More Affected Due To Coronavirus?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Which Industry Gets More Affected Due To Coronavirus?

  2. Introduction Coronavirushas severely affected almost all industries worldwide. Manufacturing and travel and transport being the worst affected. Lockdown led to the cancelation of major annual deals. In labor-intensive industries, work got affected. Though online engagement has increased significantly. IT Tech solutionsare available to fulfill your IT requirements in online projects. This lead to the collapsing of the economy. Some of the industries which got more affected are given below.

  3. Aviation Sector Lockdown imposed restrictions on the movement of people as well as blocked airways. Domestic as well as international flights were canceled. This led to a huge impact on aviation with a loss of 85,000 crores in India. 29 lakh employee got fired making the situation more miserable.

  4. Tourism And Hospitality This is another severely affected sector due to the ongoing global pandemic. CEO of Make-My-Trip said, “this was first to get disrupted and will be the last to resume activities”. In this critical time span, 4.8 crore employees will be jobless.

  5. Tech Industry China being the global supplier of technology products was the original center of Coronavirus. The supply chain is severely disrupted in the tech industry. Around 10 major conferences including the conferences of giant companies like Facebook, Google, MWC was canceled. Though on the other hand, online service inclined significantly such as web and mobile app development, online education, etc.

  6. Textile Industry This is a labor-intensive industry. People are advised to remain at home in this lockdown period. It will lose 12,000 crore due to this pandemic within 3 months. Indian Textile industry shares its market with China for export and import. This will be severely impacted in the upcoming days as well.

  7. Conclusion Many other industries such as construction, real estate, sports, and entertainment, etc. also got deeply impacted. This had lead to a huge impact on the economy. The unemployment rate increased to 24 percent. People are shifting towards online mode. If you have started an online business Custom software development serviceswill help you to enhance your business.

More Related