Home ⇨ International Journal of Trade & Commerce-IIARTC
International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
Impact of COVID-19 on Defence Industry with Special Reference to India
This is paper is an attempt to understand the impact of COVID-19 on Defence Industry. Starting with China's Wuhan, the coronavirus has caused havoc in India as well. This has led to a lock-down in India, this has significantly affected the industries and has weakened India's economy. Companies related to defence sector have also been affected and defence equipment manufacturing is almost closed. This research also studies what will happen to the defence industry after the lock-down ends. Because this area is not connected to the basic needs of humans, therefore its direct impact on humans is not visible but this sector has a huge contribution to the economy. The poor economy can be managed by enriching this industry.
View: 98
Download: 29
Author:Mohd. Rizwana* , Mohammad Saqibb
Abstract:This is paper is an attempt to understand the impact of COVID-19 on Defence Industry. Starting with China's Wuhan, the coronavirus has caused havoc in India as well. This has led to a lock-down in India, this has significantly affected the industries and has weakened India's economy. Companies related to defence sector have also been affected and defence equipment manufacturing is almost closed. This research also studies what will happen to the defence industry after the lock-down ends. Because this area is not connected to the basic needs of humans, therefore its direct impact on humans is not visible but this sector has a huge contribution to the economy. The poor economy can be managed by enriching this industry.
Keywords:Keywords: COVID-19, Defence Industry, Economic Crisis, Lockdown.
DOI:10.46333/ijtc/9/1/5
International Journal of Trade & Commerce (Vol: 9 Issue:1)
View: 98 Download: 29