How covid19 has changed the world

Pandemics, like revolution, war and economic crises, are key determinants of historic change. We look at the history of epidemics, from Black Death to smallpox to COVID-19, and discuss how the coronavirus will reshape the world.
The coronavirus pandemic has lead to an increase in air quality all around the world. Lockdowns have resulted in factories and roads shutting, thus reducing emissions.
COVID-19 has already caused a lot of upheaval. An economic recession is around the corner. Global GDP is expected to contract. The world after the coronavirus pandemic will be a different world. It will never be the same again.

Industries are struggling as due to the lockdown there is no business. Airlines have already slashed salaries of staff by 30%-50%. Media houses have fired many people or asked many of them to go on leave without pay, as per reports. After the lockdown ends companies will be facing demand side issues as consumption will take some time to pick up. Profits will be under pressure and hence the focus of companies would be on cost reduction. Many of them will identify jobs which are no longer required or without which companies could still run smoothly. 


During the lockdown many companies have realized that work can go on uninterrupted from home as well, except some functions like production. Some companies could be tempted to put certain roles and functions on a permanent, or a rotational basis, work from home. This will help companies manage costs This will lower the rental/power/admin costs of companies. Rent is a big cost. In these difficult times these cost reductions will help. This will lead to correction in commercial property prices, especially in big cities like Mumbai and Delhi. Work from home is likely to increase the costs for employees, power, data, tea/coffee, etc. This means some sort of compensation will have to be provided by employers. 


As some people start working from home, there will be less stress on public transport, leading to less traffic on roads and, thus, there will be less pollution. In Delhi, air quality index (AQI) levels are usually in high 200s on a good day. Anything above 25 is considered as unsafe. During Diwali, it goes up to 900. During lockdown AQI levels have regularly fallen below 20. Fuel sales in India dropped by 18% in March and 66% in April till date. We all know fossil fuel combustion is the biggest contributor to pollution. 

few more changes are :

wearing a mask

regular temprature check

regular sanitisations 

and alot more ....

Comments

Post a Comment

Popular posts from this blog

Changes in Beirut due to blast

Image
  On the afternoon of 4 August 2020, two blasts occurred at  the port of the city of Beirut the capital of Lebanon The second explosion was extremely powerful, and caused at least 177 deaths, 6,000 injuries, and  US$ 10–15 billion in property damage, leaving an estimated 300,000 people homeless. The event was linked to about 2,750 tonnes (3,030 short tones; 2,710 long tones of ammonium nitrate – equivalent to around 1.2 kilotonnes  o f  TNT(5.0  TJ ) – which had been confiscated by the Lebanese government from the abandoned ship MV RHORUS and then stored in the port without proper safety measures for six years. The explosion was detected by the united states geological survey as a seismic event of magnitude 3.3; was felt in Turkey SYria Isryal and parts of Europe; and was heard in Cyprus more than 250 km (160 mi) a...
Read more

Impact of covid19 on indian economy

Image
India had also been witnessing a pre-pandemic slowdown. Even before the pandemic, since FY 2018-19, India's growth was falling, 8% in Q4 FY18 to 4.5% in Q2 FY20. In January 2020 itself, well before India's lockdown or reactions to the pandemic, the IMF  reduced India’s GDP estimates for 2019 and also reduced the 2020 GDP forecast. [  The 2016 demonetisation  and GST  enactment in 2017 led to severe back to back disruptions in the economy.  On top of this there had been numerous banking crises such as the infranstructure financing and leasing services  crisis and government scheme failures such as that of make in India  There was also a significant "income crunch" for both rural and urban sectors in the year prior to the lockdown. Globally in a poll by the 'Edelman Trust Barometer', out of the 13,200+ people polled, 67% agreed that "The government’s highest priority should be saving as many lives as possible even if it means the economy will recover mor...
Read more