"An empirical investigation Impact of COVID-19 on Make in India"

Abstract

Once the Government of India announced a general lockdown in the wake of the Covid-1 crisis, Larsen & Toubro, Bharat Forge, Ultratech Cement, Grasim Industries, Aditya Birla Group's fashion and retail arms, Tata Motors and Thermax, major Indian companies operating in various manufacturing facilities and factories across the country. Was temporarily suspended or reduced. IPhone manufacturing companies have suspended most operations in India. The outbreak of Covid-19 caused problems in social and economic life. The study focuses on assessing the impact on affected sectors such as aviation, tourism, retail, capital markets, MSMEs and oil. International and domestic mobility is restricted, and revenue from travel and tourism, which accounts for 9.2% of GDP, will be a major hurdle to GDP growth. Nevertheless, after the outbreak of Covid-19 all over the country (or across the continent), the production of personal protective equipment (PPE) in the country increased significantly. Out of just 47,000 products a year, production has reached around two lakh per day. Speaking on the occasion, Defense Research and Development Organization Secretary and DRDO President Dr. G. Satish Reddy said that coronavirus has also provided ample opportunities for research and development and industrial production, but warned that development delays would be of some use. The conference was also attended by directors and senior scientists from numerous laboratories of the Defense Research and Development Organization, scientific and industrial research and other organizations. C-DAC is a Ministry of Electronics and Information Technology research and development organization committed to improving national technical capabilities and adapting to business needs in light of global trends. It has 11 centers across the country including Mohali.