Covid-19 and Its Impact on E-Administration, Employment and Migration in the Indian Economy, (In the Present Context)

Abstract

India is the second largest populated country in the world and largest market Economy for most of the developed countries in the world like MNC’s (Multi-National Companies) like automobiles, telephone and communication, educational services, start-up’s, call centres and global level entrepreneurs like to invest in India, due to huge demand for consumer goods and technological products India is one of the largest growing developing economy in the world after China in 2019, with an average GDP (Gross Domestic Product) of 7 percent from2015-2019, with huge FDI (Foreign Direct Investment), India is said to be the country with huge foreign returns in the world. But due to covid-19 has made most of the states in India are in standstill position due to lockdown situation, the income generating sources of the government is unable to generate income as most of the unorganised sectors like migrant workers, small wage labourers contribution to Indian economic growth and business is in standstill stage in the 40 days of Indian government lockdown, this is causing to increase in unemployment ratio in many sectors like educational services, real estate companies etc. only in some organised sectors there is processing of work through online (e-commerce) or in digital mode of transaction, but the unorganised sector workers and daily wage workers or migrants who travelled from far states are unable to earn for their lively wages. Indian government preference to health emergency and relief package of 20 Lakh crore Atmanirbhar Bharat Abhiyan is burden for Indian economic growth as the government is distributing from March 2020. This pandemic has made India`s GDP (Gross Domestic Product) growth rate prediction below 4%, according to the report of ADB (Asian Development Bank). IMF (International Monetary Fund) has predicted that Indian economy is expected to grow at -10.3 %, according to the source provided by “The Hindu”. There is a need for all the sectors in the economy for digital inclusion, India can try to improve by making all payments and receipts in unorganised sectors through Digital Mode. India can use this global pandemic situation by making India as one of the favourite investment destination for FDI, business and e-commerce in the globe. The purpose of this study is to analyse Covid-19 impact on Indian economy through migration, e-commerce, business and remedies to overcome the pandemic to the growth of National Income (GDP), by implementing various schemes like Make in India and self-reliant India by fiscal and monetary policies.