Social economic impact of COVID-19 outbreak in India

Abstract

Purpose of this study The situations of COVID-19 will certainly have an adverse effect over and above health care on factors of the internet of things (IoT) market. To overcome all the above issues, IoT devices and sensors can be used to track and monitor the movement of the people, so that necessary actions can be taken to prevent the spread of coronavirus disease (COVID-19). Mobile devices can be used for contact tracing of the affected person by analyzing the geomap of the travel history. This will prevent the spread and reset the economy to the normal condition. Design/methodology/approach To respond to the global COVID-19 outbreak, the social-economic implications of COVID-19 on specific dimensions of the global economy are analyzed in this study. The situations of COVID-19 will certainly have an adverse effect over and above health care on factors of the IoT market. To overcome these issues IoT devices and sensors can be used to track and monitor the movement of the people so that necessary actions can be taken to prevent the spread of COVID-19. Mobile devices can be used for contact tracing of the affected person by analyzing the geomap of the travel history. This will prevent the spread and reset the economy to the normal condition. A few reviews, approaches, and guidelines are provided in this article along these lines. Moreover, insights about the effects of the pandemic on various sectors such as agriculture, medical industry, finance, information technology, manufacturing and many others are provided. These insights may support strategic decision making and policy framing activities for the top level management in private and government sectors. Findings With insecurities of a new recession and economic crisis, key moments such as these call for strong and powerful governance in health, business, government, and large society. Instant support measures have to be initiated and adapted for those who can drop through the cracks. Mid- and long-term strategies are required to stabilize and motivate the economy during this recession. Originality/value A comprehensive social-economic development strategy that consists of sector by sector schemes and infrastructure that supports business to ensure the success of those with reliable and sustainable business models is necessary. From the literature analysis and real world observations it is concluded that the IoT, sensors, wearable devices and computational technologies plays major role in preserving the economy of the country by preventing the spread of COVID-19.

Auditors' response to regulators during COVID-19: disclosures of key audit matters

“…The variation of COVID-19 impacts across industries is consistent with Kumar et al (2020), who elaborated on how COVID-19 is hampering all sectors such as primary (e.g. agriculture and the supply chain), secondary (e.g.…”

Forecasting of the SARS-CoV-2 epidemic in India using SIR model, flatten curve and herd immunity

“…The disease is proliferating in many countries all around the world. In the absence of proper vaccines, self-quarantine and wearing a face mask is the widely used strategy for the mitigation and control of the outbreak (Kumar et al 2020). Currently, no adequate medicinal practices or antibiotics are available for the treatment or mitigation of COVID-19.…”

A Perspective on Reprioritizing Children’s’ Wellbeing Amidst COVID-19: Implications for Policymakers and Caregivers

“…It is going to present a challenge to ensure food security and to monitor already widespread malnutrition among children leading to increased mortality among infants and children (Khanna, 2020). Apart from the impact of the COVID-19 outbreak on children's wellbeing in general, a specific group of children, such as teenage girls, may be more vulnerable to the damaging impact of the pandemic (Kumar et al, 2020). It is because when they are kept within confines to abusive environments owing to the current pandemic situation, they would not be able to escape from their abusers.…”

“…Statistical data from activists and survivors from different parts of the continent (e.g., Brazil, Germany, China) have voiced concerns that they are already witnessing an alarming increase in abuse cases (Campbell, 2020;Godin, 2020, WHO, 2020Women, 2020a, Women, 2020b. As highlighted earlier, these measures push children to be dependent on electronic devices for socialization and thus more prone to sexual abuse or sexual exploitation (Kumar et al, 2020) as they may not be under constant adult supervision. According to the National Herald (2020), COVID-19 has also impacted homeless children.…”

“…Such a detrimental effect would be exponentially high among vulnerable families such as children who are deprived of parental care in childcare institutions or alternative care, children living in the streets, or children of migrants (Ghosh et al, 2020). Tracing from the literature, outcomes from public health emergencies have established a higher likelihood of an increase of violence (Mittal and Singh, 2020) including gender-based violence (Magnus and Stasio, 2020;Simonovic, 2020), domestic violence (Kumar et al, 2020) or corporal punishment against children and women. The present work focuses on assessing the significant impact which the current pandemic "is having" on children.…”