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Falling Apart: Indian Economy during Covid 19 - Coggle Diagram
Falling Apart: Indian Economy during Covid 19
Employment Rate
Witnessed routine falls in employment rate from 6%-7%
More people loosing their jobs in agricultural sector
Boost in job opportunities in this sector by the govt.
Support for health workers
Investment in this sector.
Gross Domestic Product
Overall Demad
Fall in the overall demand by citizens
Reduced household Expenditure
Drying up of cashflows and investments
Make payment modes more digotal
Awareness in digital payment methods should be initiated
Markets to see normal public offering and investments
Inflation Rate
Sudden increase in oil prices
Government taxes on fuel & Gas
Decrease down the interest rates taken on these items
Creation of better policies to suite the prevalent situation
RBI to revise bank rates
Fiscal Deficit
Crowding out the private sector
Increased interest rates
Improvements in Financial Budget of the year
Reduced taxes in upcoming budget to initiate public demand.
GDP per Capita
Total GDP divided by the Total Population
Per Capita outcome falls to the same as in the year 2017/17
Bangladesh overtook INdia in per capita GDP terms.
Annual Financial Report
Decline in the Economy
Financial Crisis
Major fall in Indian stock Market Observed in the year 2020.
March 2020, was one of the worst falls scene in the Indian
economy since last Global Financial Crisis.
Rupee vs Dollar
Value of Rupee falls in relation two dollar
Amount observed as Rs.73 after 7 years
Emphasis on increasing the purchasing power of the people
Emphasis on exports