ISO 9001:2015

THE IMPACT OF COVID-19 PANDEMIC ON EDUCATION PORTFOLIO

This Research paper discusses the economic impact of the COVID-19 crisis across industries specially the education sector, in entire country. It discusses the economic channels through which economic activity are impacted. The introduction of corona virus has flashed a very wide and worst impact on the whole world economy. This has affected uncountable people as whole industrial channelization has gone down. The introduction of an unwanted pandemic COVID 19 has clutched the whole world. The impact of COVID-19 is so serious and the World health organization has declared it as a virulent disease. The Government of India although has announced a spread of measures to tackle matters, from food security and further funds for healthcare, to sector related incentives and tax deadline extensions. With the prolonged country-wide lockdown, global economic downturn and associated disruption of demand and provide chains, the economy is probably going to face a protracted period of slowdown. This has also impacted the Education sector too. The COVID-19 outbreak started first in December 2019 in the city of Wuhan of China. It continues to spread across the planet. At the time of the primary draft of this research paper, almost over 32 million cases of the virus had been recorded worldwide. As of this current version, the full could risen to above 50 million and quite 10,00,000 have died. While some countries are able to treat the reported cases effectively, it's uncertain where and when new cases will emerge. First case in India was found nearly on January 30 of this year 2020. However, there are just some signs of community transmission. The share of affected people continues to be low, with most cases associated with travel. The impact on the Indian economy can be significant if the virus continues to penetrate the country which is able to have an extended lasting effect. This study is an attempt to reveal the potential impact of the shock on education sector and advocate a group of policy recommendations for that sector.

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Keywords: Corona Virus, Pandemic, Economic Struggle, Virtual Education, Recovery Strategies.


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