Towards Excellence

(ISSN No. 0974-035X)
(An indexed refereed & peer-reviewed journal of higher education)
UGC-MALAVIYA MISSION TEACHER TRAINING CENTRE GUJARAT UNIVERSITY

ANALYTICAL STUDY OF VARIOUS ECONOMICS AND SOCIAL PROBLEMS IN THE ERA OF GLOBALIZATION AND COVID-19

Authors:

Amit Agarwal, Abhishek Kumar Singh

Abstract:

In the era of globalization, the business of goods and services has become international rather than at the national level. Citizens of one country are moving freely for employment in another country with certain restrictions. Due to globalization, the spread of the Covid-19 epidemic took place on a global scale. Globalization has had positive and negative effects on the economy of any country. Different types of problems have arisen in different countries, the main reason for them is considered to be globalization and the Covid-19 epidemic. Data were collected and analyzed from respondents about problems like unemployment, poverty and economic and social inequalities, inflation or increase in the rate of inflation, industrial sickness, low per capita income, social structure, language, and cultural change, etc. presented through paper. When we talk about India, 65 to 70 percent of the country's economy is unorganized, so people like street vendors and auto drivers have been affected the most by the lockdown. It will be a challenge for them to get their business back up. Hotel, tourism, logistics, and aviation industries have been badly hit due to the lockdown. The poor and downtrodden have been directly affected during the lockdown. Although the central government and many state governments have also offered to help this section in many ways, it will not be so easy to recover directly from this effect.

Keywords:

Globalization, Covid-19, employment, inflation..

Vol & Issue:

VOL.13, ISSUE No.3, September 2021