Impacts of pandemic on business
Impacts of pandemic on business Post the pandemic settles, things everywhere won't be an equivalent as they were within the pre-corona period. This came as something unexpected, but has remained with the humanity for months now and doesn’t decide to leave anytime soon, as per medical reports. While it persists, and amidst the lockdown in various countries, suffering isn't only the economy but also the industries, their employees, self-employed labor, and therefore the downtrodden sections of the society. Consistent with the varied researches done post-independence in India, what involves notice is that the number of organizations employing 7-10 people. Such businesses occupy the utmost share of the secondary sector and sadly, they’re already the worst hit by the spread of the virus. Recent annual reports on MSME (MICRO, SMALL AND MEDIUM enterprises) indicate that the world contributes to around 30% of India’s GDP, and supported conservative estimates, employs around 50% of co...