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Related to COVID-19, Economy, What next ?
The unprecedented disruption, panic created by Corona Virus pandemic (COVID-19) will change our behavior in how we live, and how we consume. This behavior will further reflect into our local economy et large. It is mainly because this pandemic came at a time when most of the world economies are having tough time.
COVID-19 disrupting economies world-wide not just India and brought many threats and opportunities
While we still battling against corona virus Covid19 pandemic (as on Apr 18th, 2020), we learned the behavior, fair understanding of what would impact our health, behavior, and economy. Unlike earlier pandemics like SARS, COVID-19 came at a time when 50% of 7.7 billion people are connected to Social networks, where the impact is quite visible that may lead to a possible contraction in the economy.
Micro, Small, and medium enterprises (MSME in India, and SME in Other Countries) in India are having tough time after the introduction of demonetization, GST with low margins. The Corona Virus affect would be a death knell to SMEs as the businesses are virtually non-functional for more than a month and counting.
EZTax.in recommends the following to see the light at the end of the tunnel.
Organisations who taught us 'Global Warming', 'Climate Change' may say what's happening in the name of 'Corona Virus' is good for ecology, and the mother Earth. Few upsides from this pandemic are
Use below authorised resources to help yourself.