Indian Economy After COVID 19 outbreak

Analysis of Causes of Unemployment India as a developing country is filled with plethora of opportunities for potential employment generation. The real reasons are rooted in an ill-designed education structure that has led to mushrooming of private tuition, teaching shops, and cheating shops. Society is keen on requiring a pass certificate to participate in the labour force and demand jobs. 80% of the graduates churned out of this system in India were found to be unemployable. Analysis of Probable Solution GDP OF 10 COUNTRIES IN R&D- source Google Developed nations spend about 3% of the GDP on R&D, India spends paltry 0.86 % . It comes as no surprise, therefore, that the US has been able to produce innovative companies like Apple, Microsoft, and Amazon, whose combined market capitalization equals India's GDP. Hence, India needs to spend more than 3% of its GDP. Where to invest those 3%? The Confederation of Indian Industry ( CII ) expects eight sect

With fresh corona virus cases( www.worldhealthorganisation.com )on the rise in India and globally, economic activities are shut with the nation wide lockdown ( https://www.indiatoday.in/diu ) to the extent of 85%. Morgan Stanly has cut India's INC'S earning for the 3rd time since the virus outbreak PRIMA FACIE EFFECTS ON INDIAN ECONOMY Job losses Stretched balance sheet Lower Capex Weak consumer demand First two rounds of lock down already wiped Rs. 52 lacs crore resulting in a multi year low benchmark of SENSEX and NIFTY falling 35% from the Janauary Highs. According to Barclays, the cumulative shut down costs at around $120 billion.  Now the new GDP forecast  is 2.5 instead of 4.5 as stated earlier for F/Y 19-20 and 3.5 instead of 5.2 for F/Y 20-21. FOUR SCENARIOS OF EFFECTS  Scenario-1         Situation worsen in india as well as globally, there will futher selling of domestic stocks. In this case, the GDP may drop below 3.5. Scenario-2       Rosy sit