Economic Impact of Novel Corona Virus Disease (Covid-19) on Migrant Workers, Rural Economy of India and Tourism

Authors

  • MD. SHAHNAWAZ ABDIN DEPARTMENT OF MANAGEMENT, SMBS, JAMIA HAMDARD, NEW DELHI
  • RAHUL KUMAR JAMIA HAMDARD, NEW DELHI

DOI:

https://doi.org/10.34019/2238-2925.2020.v10.30469

Abstract

Present world is crippled with pandemic COVID-19 that has caused innumerable economic damages and claimed lakhs of lives of people worldwide. There is so much fear among masses, economic activities are shut down, preventive measures are being taken worldwide. World has witnessed many epidemics and pandemics in the past too but it is first time in the history that economies are in complete “lockdown” world over. The lockdown or closure of economies is causing innumerable economic damages worldwide. The present paper aims at to analyse the impact of COVID-19 on total Indian economy in general and rural economy of India in particular, its impact on daily wage earners and migrant workers. In addition to this, the paper also makes an attempt to analyse the impact of COVID-19 on travel & tourism study in India as well as across the globe. The major conclusion drawn from the study is that the Indian economy is going through its one of the worst times and this has put migrant workers in an uncertain situation. Tourism, hotel industry, transport, manufacturing, agriculture etc. sectors are witnessing massive economic damage. The tourism industry is worst affected in India as well as across the globe due to the outbreak of COVID-19 pandemic and around 100 million direct tourism jobs are at risk.  The growth rate of GDP in India is expected to contract to around 2% in financial year 2020-21. This indeed will be a big cause for worry and drastic economic efforts will be needed from all the quarters to restore balance to Indian economy.

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Author Biographies

MD. SHAHNAWAZ ABDIN, DEPARTMENT OF MANAGEMENT, SMBS, JAMIA HAMDARD, NEW DELHI

* Ph.D. in Management/Jamia Hamdard, India (2017). Master of Business Administration/Jamia Hamdard, India (2002). Bachelor of Science/Science College, Patna University, India (1999). Full time Senior Assistant Professor and Researcher at the Department of Management, SMBS, Jamia Hamdard, New Delhi, India. Accredited Management Teacher (2011) and Web of Science Certified (2020). Resource person at BPST, New Delhi, India and NCGG (erstwhile NIAR), Mussoorie, India for MDPs and training. Reviewer for reputed journals. Areas of interest are Marketing Management, Consumer Behaviour, Green Marketing, Rural Marketing, Telecommunications and Digital Marketing. ORCID ID: https://orcid.org/0000-0003-2254-3156 [ msabdin76@gmail.com ]

RAHUL KUMAR, JAMIA HAMDARD, NEW DELHI

Master in Commerce/University of Delhi, India (2017). Degree in Commerce/University of Delhi, India (2015). He has worked as an Assistant Professor at University of Delhi, India where he taught the papers like Business Mathematics & Statistics, Economic Development and Policy, Business Organisation & Management, Computer Applications in Business at undergraduate level. Presently he is pursuing PhD in Management Studies from Department of Management, SMBS, Jamia Hamdard New Delhi, India. His area of study is Rural Marketing and Consumer Behaviour. ORCID ID:  https://orcid.org/0000-0003-0118-4203 [ rahulkumarr274@gmail.com ]

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Published

2020-10-07

How to Cite

ABDIN, M. S., & KUMAR, R. (2020). Economic Impact of Novel Corona Virus Disease (Covid-19) on Migrant Workers, Rural Economy of India and Tourism. Anais Brasileiros De Estudos Turísticos, 10(1, 2 e 3). https://doi.org/10.34019/2238-2925.2020.v10.30469

Issue

Vol. 10 No. 1, 2 e 3 (2020): Current Issues on Tourism and Thematic Issue: “Crisis and Uncertainty in Pandemic Times"

Section

ESTUDOS DE CASO / CASE STUDY / ANÁLISIS DE CASO

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