COVID-19 has completely driven the people lives of India as well as rest of the world, totally in a different way. Hence similar to other countries, India is also badly troubling now in an enormous way like education and so called best health infrastructures totally affect the economic condition towards downward direction of today’s time and the future in a cruel manner. There is no end till now to stop this pandemic and the whole world are facing another COVID-19 aftermath i.e. pandemic crisis. Economically, India was already in a bad condition before start of this pandemic and now this crisis has created more and more pathetic situation for the people. All the people lives of both urban and rural areas are deadly affected by this pandemic crisis. Social distancing and other safety precaution are not fully followed by the people. On the other hand, this pandemic crisis has increased the unemployment rate with anxiety and depression. In that situation, both government and public health care sector are collapsed due to heavy COVID-19 patients. The earlier physical class room system is totally changed into online class room system and learners (basically in rural sectors) fell some difficulty to adopt this. This crisis generates a new system for work, called work from home. In this chapter, we discuss about some major points of crisis in this pandemic situation in India.Millions of Indians have lost jobs in the formal sector since April due to the economic stress caused by novel coronavirus. However, the pandemic is not the only reason behind the ongoing job crisis in the country.The economic impact of the COVID-19 pandemic in India has been largely disruptive. India’s growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has “magnified pre-existing risks to India’s economic outlook”.Major companies in India such as Larsen & Toubro, Bharat Forge, UltraTech Cement, Grasim Industries, Aditya Birla Group, BHEL and Tata Motors temporarily suspended or significantly reduced operations. Young startups have been impacted as funding has fallen.Fast-moving consumer goods companies in the country have significantly reduced operations and are focusing on essentials. Stock markets in India posted their worst loses in history on 23 March 2020. However, on 25 March, one day after a complete 21-day lockdown was announced by the Prime Minister, SENSEX and NIFTY posted their biggest gains in 11 years.The Government of India announced a variety of measures to tackle the situation, from food security and extra funds for healthcare and for the states, to sector related incentives and tax deadline extensions. On 26 March a number of economic relief measures for the poor were announced totaling over â‚ą170,000 crore.India does not have reliable, official high-frequency data on jobs. While CMIE’s jobs data has been the centre of a political slugfest in the past, with government officials repeatedly questioning the survey’s methodology, Sen said that it doesn’t matter now because what we are interested in is “capturing change”.
Track2Training 
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