The world witnessed one of its worst pandemics covid-19 has changed whole world, India is one of the fastest growing economies in the world but after first wave of covid-19 worst impact of the economy in India. After pandemic the economy saw gradually downfall. The second wave of the pandemic is not so affected the Indian economy, but it is more affecting many financial sectors. There are some numerous reason to be cheerful. Some positive or negative impact of covid-19 on the market of all industries. Although the vaccine was started for normal everyday life. Some change are there for work after pandemic like remote work, online services, home delivery services, online educations will start over into the post- pandemic world.
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1. Online Education:-
The pandemic covid-19 worst impact on education system whole world. The future of the student was unsecured after the pandemic. Then government decided that the online education was started for the secure future of the student or future of the country because children’s future are also the future of the country. When school closed, the whole online education sector was boom. Many parents had to become teachers overnight as school across the world closed their doors and online education was boomed. After pandemic many universities and colleges provide online classes for the whole year for the secure of future of the student.
2. Health Care:-
Hospital across the whole world saw a massive slump in the numbers of patients seeking emergency medical attention. It is very difficult for Doctors to give proper attention on each and every patient due to pandemic. And the people also avoid visit to the hospital because of peak of the covid-19 then online healthcare services are boom. Government also approved the remote medical service in whole world. Patients can give appointment and treatment through online as such possible.
3. Cyber Security:-
Cyber security is always big business but an increasing dependency on digital tools such as virtual meeting platforms means that our data is not so secure because of hackers. Covid-19 has proved that the huge threat to cyber security, with scammers can take more advantage of the worst situation at the time of pandemic. The pandemic has pushed companies to move their services online but all the necessary steps also taken or secure our data from the hackers.
4. Online Meeting Platforms:-
Online meeting are necessary element for work from home, with zoom at the forefront of the industry. At the time of pandemic zoom meetings are boomed. Before the pandemic, the use of the digital media had a limit or not prefer by the older generation. But after pandemic preference of the people were shifted he started work form or use the digital media. Meeting and video calling applications are used more and more with the revolutionary features. Digital media using by people for easily working from home.
5. E-Retail Sector:-
Although a larger section of Indian household still shop for groceries at their neighbourhood shops, or visit market. But after pandemic people do online shopping. E-retailer sector has been struggling from many years for made online platform. Due to pandemic E-retailer take advantage and made the value chain in market. At present E-retailer sector provide huge discounts and provide many coupons on variety of goods. In some ways pandemic is good for E-retailer sector because after lockdown people prefers to shop online groceries.
6. Financial and Banking sector:-
Financial and Banking sector are also affected by the pandemic. At the time of covid-19 the economy is fall down whole world. Unemployment and health problems are increasing day by day due to civd-19. Financial service provider and Non- banking financial companies play a critical role in this situation. They would need funds with the bare minimum of collateral and traditional banking structure would undoubtedly fall short of policies in such circumstances. In large and small business have unemployed more individuals and who needs funds quickly.
7. IT Sector:-
IT sector is an important for the growth of Indian Economy. Indian IT companies should exploit their core value proposition and restructure their current services at reasonable price points and reduce their IT spending at the time of pandemic. IT companies has opportunities for work from home. At the time of pandemic IT companies preparing them for digital work with in very short time
After pandemic with in short time period made cleared gel or anti-bacterial products and soaps for protection of infectious disease. It is safe for to say that were not all experts in the art of hand washing. At present sanitizer or anti-bacterial products are essential product for daily routine. Public places and each every places mostly installed sanitizer products for safety of the people.
It concluded that many businesses boomed after coronavirus like online education system, E-retail sector, financial and banking sector are boomed during covid-19. Pandemic affecting the growth of economy in each and every country but after some time works done digital, educations are provided through online, meeting or video conferences done through digital. eStartIndia is the one-stop solution for starting, registering, and managing a business around the world? You are in the right place. Visit us www.estartindia.com