Economic Impact Of Covid-19 And Change In Value System

Mankind has observed various pandemics throughout history where some of were more disastrous than the others to the humans. We are observing a very tough time once again fighting an invisible enemy; the novel COVID-19 coronavirus. Initially identified in the Wuhan province of China, and then rapidly spread across the world. The pandemic caused by COVID-19 has created a shock, putting all global population under lockdown. The worldwide spread of the pandemic resulted in unfathomable economic fallouts; zero economic activity, disruption of supply chain networks, falling global demands. The COVID-19 global crisis continues to disrupt social chains. Although there is no vaccine available and in order to prevent and avoid COVID-19, World Health Organization recommended avoiding large events and mass gatherings. The effects of COVID-19 on education, businesses, laborers’ and families have been adverse. The main objective of the study is to assess the disruptions caused by Covid-19 on supply chain both in rural and urban areas and further analyze the effect of Covid-19 on inter and intra district mobility movement of labour and consequent human psychology and value system.


I. INTRODUCTION
The emergence of COVID-19 is accelerating the change in value system, with unprecedented consequences.
The COVID-19 global crisis continues to disrupt social chains. For example, homeless people, because they may be unable to safely shelter in place, are highly exposed to the danger of the virus. People without access to running water, refugees, migrants, or displaced persons also stand to suffer disproportionately both from the pandemic and its aftermathwhether due to limited movement, fewer employment opportunities, increased xenophobia etc. (Report- WHO,17 April 2020).  The government banned all travel in the country, and people could only leave their homes for essential reasonssuch as to buy food. When going out, people had to carry declaration forms and wear face masks and disposable gloves.
The crisis is clenching its fist, tightening the stress and pain felt across the world. Food and medicine supply lines have been cut. In order to safely transport this food and pick up urgently needed medicine, locking vans or buses are a must.

II. DISCUSSION AND FINDINGS
COVID-19 pandemic has affected all countries around the world and more than 6.30 lakh people have died, spread like a wild fire with such a fury that has compelled the governments across the world to revoke autarky as well as shut down of the national economy in order to save their citizens from this contagion. The strategy of isolation at all levelslocal, regional, national and international -is viewed to be the key towards the containment and mitigation of COVID-19.
Given the uncertainties arising in the wake of the pandemic, There will be no inter-state and inter-district movement except for those carrying valid passes. Government decided against opening religious places and educational institutions, but allowing hotels to operate with full capacity.
Prior to it, the administration issued a fresh classification of the districts in "Red", "Orange", and "green" categories for a   COVID-19 pandemic is far more than a health crisis: it is affecting societies and economies at their core. While the impact of the pandemic will vary from country to country, it will most likely increase poverty and inequalities at a global scale, making achievement of SDGs even more urgent.
Assessing the impacts of the COVID-19 crisis on societies, economies and vulnerable groups is fundamental to inform and tailor the responses of governments and partners to recover from the crisis and ensure that no one is left behind in this effort. Without urgent socio-economic responses, global suffering will escalate, jeopardizing lives and livelihoods for years to come. Immediate development responses in this crisis must be undertaken with an eye to the future. Development trajectories in the long-term will be affected by the choices countries make now and the support they receive. The United Nations has mobilized the full capacity of the UN system through its 131 country teams serving 162 countries and territories, to support national authorities in developing public health preparedness and response plans to the COVID-19 crisis (Report: UNDP, Socio-Economic Impact of Covid-19, 2020).
Obviously COVID-19 has already exposed the weakness of our public health system in India. The public health system has been facing the pandemic bear handed. At present public spending on health sector has been less and additional expenditure must be made to strengthen the public There will be no inter-state and inter-district movement except for those carrying valid passes. As the acute restrictions and lockdowns created many urgent situations that required immediate attention in the early days of the pandemic, many companies have now begun to move to a recovery mode and have started planning for the longer term.