Impact of Covid-19 on Businesses

 

Due to the pandemic, every business is going through its worse situation. Coronavirus has made everything worse in the whole world. Businesses and companies in India are also facing problems in this crisis. In every business, customers are still afraid of going out and purchase anything from outside. This decreases the sales of companies. India was growing at a very fast rate in these few years, but due to this pandemic again India has come down as it was earlier many years back. And this is not with our country but other countries also. Young startups are also affected very badly. The business which was going to start in 2020, it has to be started in the next year. 

The only medical field is growing in 2020. Other sectors such as education, food, steel, infrastructure, jewelry, etc. are in a worse situation. As schools and colleges are closed in the pandemic these businesses are not having funds as fees of the students are not received by the institution. In the food sector, the same situation exists. As restaurants and café are closed. Online orders are only accepted. Customers are not really interested in online orders also as they don’t want to eat outside food which may be infected. Jewellery rate is also increasing day by day. There are no or very few customers in another businesses.