The problems of yesterday seem minuscule in front of the gigantic coronavirus which has derailed the world's economies bringing it to a sudden halt in addition to killing thousands of people across the world. Who knew, this early in the year our lives will be thrown into disarray, people scared to step out of our home and looking at an imminent threat to humankind. In this blog, we will be scrutinizing the impact of the Corona pandemic on the Indian economy and certain changes proposed by the Government of India followed by an overview of the FORCE report by the Indian Revenue Services, and what we can do next to recover from the downturn. The impact of Covid-19 in the economy of India Who is most impacted by the downturn? Covid brought the world's economy to a standstill and the ones most affected will be from the unorganized sectors which employ more than 80% of the overall workforce in India. The poor and the low-income earning group will be pushed to poverty due ...
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Showing posts from May, 2020