Which Industry Gets More Affected Due To Coronavirus?

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Which Industry Gets More Affected Due To
Coronavirus?
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Introduction

• Coronavirus has severely affected almost all
  industries worldwide. Manufacturing and travel
  and transport being the worst affected. Lockdown
  led to the cancelation of major annual deals. In
  labor-intensive industries, work got affected.
  Though online engagement has increased
  significantly. IT Tech solutions are available to
  fulfill your IT requirements in online projects.
  This lead to the collapsing of the economy.
• Some of the industries which got more affected
  are given below.

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Aviation Sector

• Lockdown imposed restrictions on the movement of
  people as well as blocked airways. Domestic as
  well as international flights were canceled. This
  led to a huge impact on aviation with a loss of
  85,000 crores in India. 29 lakh employee got
  fired making the situation more miserable.

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Tourism And Hospitality

• This is another severely affected sector due to
  the ongoing global pandemic. CEO of Make-My-Trip
  said, this was first to get disrupted and will
  be the last to resume activities. In this
  critical time span, 4.8 crore employees will be
  jobless.

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Tech Industry

• China being the global supplier of technology
  products was the original center of Coronavirus.
  The supply chain is severely disrupted in the
  tech industry. Around 10 major conferences
  including the conferences of giant companies like
  Facebook, Google, MWC was canceled. Though on the
  other hand, online service inclined significantly
  such as web and mobile app development, online
  education, etc.

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Textile Industry

• This is a labor-intensive industry. People are
  advised to remain at home in this lockdown
  period. It will lose 12,000 crore due to this
  pandemic within 3 months. Indian Textile industry
  shares its market with China for export and
  import. This will be severely impacted in the
  upcoming days as well.

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Conclusion

• Many other industries such as construction, real
  estate, sports, and entertainment, etc. also got
  deeply impacted. This had lead to a huge impact
  on the economy. The unemployment rate increased
  to 24 percent. People are shifting towards online
  mode. If you have started an online business
  Custom software development services will help
  you to enhance your business.

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