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Lamp lighting observed on 5 April 2020 during lockdown On 5 April, citizens all over India cheered and showed solidarity with the health workers, police, and all those fighting the disease by switching off the electric lights at home for 9 minutes from 9:00 p.m. to 9:09 p.m. and observed lighting diya , candle ; and flashing torchlight and ...
During the live telecast, he also appealed to families to not cut the pay of domestic help. [278] Following the lockdown, the government circulated advisories [279] and directives ordering companies to keep paying employees among other things. [280] [281] The Ministry of Finance issued an Office Memorandum on 23 March 2020: [281] [282]
Firms anticipating a rise in investment minus those expecting a decline post-pandemic have a net balance of 20% for small mid-caps and 26% for big mid-caps, while SMEs report just 10%. [450] As of 2023, real investment is up 5% from before the COVID-19 crisis. It was down 11% at the same time following the global financial crisis. [451]
Many migrant workers expressed a fear of returning to their old jobs in the cities, after facing unemployment during the lockdown. [ 104 ] [ 105 ] Companies reported labour shortages from mid-April. Estimates state that this would last for at least another six months.
During 2019, the IMF reported that the world economy was going through a "synchronized slowdown", which entered into its slowest pace since the Global Financial Crisis. [32] 'Cracks' were showing in the consumer market as global markets began to suffer through a 'sharp deterioration' of manufacturing activity. [33]
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Empty roads during the lockdown in Vadodara, Gujarat. On 22 March, the Government of India announced complete lockdown in 82 districts in 22 states and the Union Territories of the country where confirmed cases were reported. [33] 80 cities including Delhi, Bengaluru, Chennai, Mumbai, [34] Chandigarh [35] and Kolkata were put under lockdown. [36]