Businesses Facing Adverse Effect of Coronavirus Outbreak

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    Businesses Facing Adverse Effect of Coronavirus Outbreak-byappsinvo.

    At this time, the world has been found a total of 2014042 active cases, 127595 death cases where India has till now 10,045 active cases and 399 death cases. There is no doubt that India had to take a hard step in this Lockdown. 

    Earlier from now, the lockdown was only for 21 days but after experiencing the rise in the active cases India extended the lockdown till 03 May. 

    Due to this lockdown, India and many other sectors are facing the business losses in their field. So, we are going to know Which are those sectors or industries that are facing the adverse effect of coronavirus outbreak.

    Businesses Facing Adverse Effect

    Tourism Industry

    This is the time when Indians or many other foreigners go on vacation trips to different cities or countries. But due to the coronavirus outbreak, the trips got canceled and because of that many hotels, resorts, bookings got canceled and they are facing loss in their business as the shortage or lack of tourists.

    Real-estate Industry

    When PM Narendra Modi announced 21 days lockdown many people go to their home town labors, workers, etc for maintaining social distancing that is the foremost precaution to fight with coronavirus. 

    It leads to the stoppage of the real-estate construction business and eventually it is also facing the adverse effect of the corona.

    Agriculture Industry

    This is the season of harvesting the major crops like wheat, rabi and many other crops that are ready to harvest. 

    But due to the coronavirus outbreak, farmers are unable to harvest the crops so they can sell them in the market. So, indirectly the agriculture industry is also not untouched with the adverse effect of the corona.

    Transportation Industry

    To stop the spread of coronavirus and for the sake of maintaining social distancing, many countries stop their transportation services like metro, aviation, railways, buses, taxis, rickshaws, etc. 

    Our government authorities are only allowing to transport essential services live milk, vegetables, household food, etc. This lockdown has a major adverse effect on transportation because our government doesn’t want to take any kind of chance that raises the number of active corona cases.

    Retail Industry

    Apart from the essential goods, all retail market also gets paralyzed due to this corona outbreak. The wind up of transportation is also another reason for the loss in the retail industry.

    Conclusion

    These are the above-mentioned businesses facing the adverse effect of the coronavirus outbreak. But this situation is not going for a long time, we ‘ll get out of this hear breaking situation soon. So don’t get panic 

    Till then, stay safe, stay at home, wash your hands, and be happy

    For more updates, stay connected and keep reading
    Toddles!!❤🙏

    RELATED BLOGSMORE FROM AUTHOR

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