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THE IMPACT OF COVID-19 ON THE INDUSTRIAL SECTOR OF PUNJAB

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Name: Parmod Kumar Aggarwal , Jagmohan Singh
Country: India
Publication Details
Year: 2022
Volume: Volume-7, Issue-1 (January-June)
Page Number: 36-40
Abstract
The COVID-19 pandemic affects the Indian economy moreover the industrial sector of Punjab over time. The growth and employment in the industrial sector revealed drastic changes during this time. The COVID-19 affects the industrial sector of Punjab in terms of output and employment. There are wide variations in the growth among the sub-sector due to the COVID-19 pandemic problem in Punjab. The share of sub-sector in the industrial’s Gross State Value Added (GSVA) in Punjab shows declining trend as manufacturing from 58.17% in 2011-12 to 55.03% in 2018-2019, construction from 30.7% in 2011-2012 to 26.0% in 2018-2019, Mining and quarrying reveals stagnation share as 0.1% in 2011-12 and 0.1% in 2018-2019 the only Electricity, Gas and Water (EGW) supply, and other utility services shows positive growth as it increased from 11.1% in 2011-2012 to 18.9% in 2018-2019. The level of employment declined in the Electricity, Gas, and Water (EGW) as well as in construction activity and also in other utility services over time. However, it was constant in Mining and quarrying moreover there is no exact trend of employment in the manufacturing sector of Punjab over the period. Heterogeneity in growth was observed over time in the study
Keywords: - COVID-19, Industrial Sector of Punjab, Employment and Government Initiatives.
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