COVID-19 Health Pandemic: A Turnaround in Economic Infrastructure

COVID-19 Health Pandemic: A Turnaround in Economic Infrastructure

Saibal Kumar Saha, Bedanta Bora, Anindita Adhikary, Sangita Saha
DOI: 10.4018/978-1-7998-9664-7.ch018
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Abstract

The COVID-19 pandemic has caused numerous deaths, drained resources, halted trade, and shattered economies across the world. Humankind is faced with the challenge of survival, putting a halt on the growth dynamics. Lockdowns imposed by governments have flattened the curve of COVID-19 victims, but only to delay the spread of the deadly virus. Till the time a complete cure is discovered, people have managed to find ways to prevent the spread of the virus by developing new norms of day-to-day survival. The study aims to highlight the COVID-19 crisis and measures to maintain sustainability in the new normal. The methodology used is primarily based on published literature and data. Findings of the study indicate that there is absolute uncertainty on ‘What Next' and ‘How'. Hence, it is concluded that any resurgence attempt to equipoise this catastrophe is predicted to be prolonged and so its end results.
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Methodology

The methodology adopted for this study consists of secondary data obtained from the review of published literature, periodicals and web databases. The study is based on the Indian economy with a semi-statistical emphasis on world parameters. The potentials of derived information and perception of social distancing are maintained for concept building and analysis. Virtual meetings with different stakeholders from different parts of the country were conducted to obtain their viewpoints related to the changing dynamics of the world economy due to the effect of Covid-19. The approach is micro-level worked out as a case review to validate itself.

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