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SOCIAL PARADIGM SHIFTS IN GLOBAL ECONOMY POST- PANDEMIC

Author Information
Name: Shivani Dawer , Anju Bala
Country: India
Publication Details
Year: 2023
Volume: Volume-8, Issue-2 (July-December)
Page Number: 63-66
Abstract
The COVID-19 pandemic has had an enormous impact on humanity and industries across the globe, and India is no exception. The crisis has led to an unprecedented economic collapse, causing immense hardship for people and businesses alike. The conversation around COVID-19 has primarily focused on the challenges posed to human lives and global economies. With social distancing and stay-at-home orders in place, daily life has been disrupted, and individuals are facing pressure from both the fear of contracting the virus and the need to earn a livelihood. Lockdown measures have further unsettled lives, halted the economy, and pushed Indian income deeper into crisis, with widespread unemployment adding to the difficulties. These struggles are only magnified for millions of migrant workers and those without a financial safety net. Lockdowns have been implemented across the world to minimize person-to-person contact, but India can take steps to overcome the challenges and emerge as a leader in the global economy. This paper discusses potential strategies for India to rebound from the crisis and prosper in the aftermath of COVID-19.
Keywords: COVID-19, Global Economy, Remote Work, Social Welfare, Globalization, Pandemic Myths, Pandemic Realities
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