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  Published Paper Details:

  Paper Title

IMPACT OF DOUBLE STRIKE (COVID-19 & CYCLONE AMPHAN)

  Authors

  Dr. Asok Kr. Bose,  Mrs. Anamika Pal,  Mr. Shreyansh Shah

  Keywords

COVID-19 pandemic, Cyclone Amphan, Economy, Lockdown, Recession, GDP, Unemployment, Agriculture, Fiscal rate, Migrant labours, Acceleration

  Abstract


In India as well as in West Bengal double strike came from Coronavirus and Super Cyclone Amphan, which damaged the economy tremendously. As there was no vaccine to protect the people from coronavirus so the government has taken the way of lockdown as the only instrument against the protection. But the long-lasting lockdown brought varieties of miseries in the society of which economic discomfort appeared before the day to day earning category population in huge shape. There is no direct link between COVID-19 and Cyclone Amphan but the phenomena are cognate in the sense that they are all products of the tremendous acceleration over the last 30 years, a period in which extreme forms of neo-liberal capitalism has been imposed upon the world by global elites. This great acceleration period is the acceleration of consumption and production and the resulting rise in greenhouse gas emission that lies behind all these crisis from the climate breakdown to the pandemic. Amphan the fiercest cyclone in the recent memory has left the state�s agriculture severely damaged. The loss of crops now pushed up the prices of essentials. Most of the traders in the state as well as in the country cannot reopen their business due to the lockdown. The loss incurred by the traders as well as the farmers due to the Twin factors of COVID-19 and Amphan. The Indian economy is expected to contract for the first time in nearly 41 years. If the contraction as forecasted by RBI and also by other economist is realized, it will be the first contraction for the Asia�s 3rd largest economy since 1979-80, when GDP growth shrank 5.2%. The impact of lockdown was greatly been noticed in the financial sectors. Bank deposits have risen while bank credit during the period dipped. The government is planning to keep the overall spending under check at a time when revenue flow has nearly stalled due to the lockdown, which has halted economic activities across the country. More than four months under lockdown has sent unemployment roaring and forced migrant workers to return home. In the present study an effort has been made to highlight the impact of covid-19 and Amphan on the economy of West Bengal as well as on the country India.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2007276

  Paper ID - 196946

  Page Number(s) - 2862-2883

  Pubished in - Volume 8 | Issue 7 | July 2020

  DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.24078

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr. Asok Kr. Bose,  Mrs. Anamika Pal,  Mr. Shreyansh Shah,   "IMPACT OF DOUBLE STRIKE (COVID-19 & CYCLONE AMPHAN)", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.8, Issue 7, pp.2862-2883, July 2020, Available at :http://www.ijcrt.org/papers/IJCRT2007276.pdf

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ISSN: 2320-2882
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
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