+ As the world is headed towards a recession in 2020 after Covid 19 Pandemic arrived. There are Some ideas for the management of healing the economic loss that is U, V, L, shape recovery, as they forecast for economic recovery. K shaped recovery occurs when an economy retrieves unevenly and there is a separate direction for two segments of the society. K shape recovery highlights the growing gap between the wealthy and the poor ones. It can also be seen as a gap between well planned investor and an individual who has an average salary who can meet his expenses but has less or no savings for investment. For Example :- During this time many Indian are having profit in the stock market while millions have lost their jobs. According to a Report, India's growth potential had decreased from 6 percent to 5 percent this year. This digit is not so good to see, as it affect a million people all over the world. The K shape has two lines diverging from a perpendicular that definitely shows the growing data between winner and loser among countries, companies, firms, economic sector and the individual as well. There is a separate trajectory for two different sectors of society that discriminates each other. As 84% of the stock market is owned by 10% of the household. While the market is continue to rising amid the Covid 19 pandemic, whereas the GDP and employments rates are falling down. To Avoid the continuing in the K shape, Clark called on law makers to send out more PPP funding for small business, and more resources to state and local governments to provide essential services like public education to the people.
World Health Organization considered the spread of covid 19 as a pandemic. This resultant in growing inequality among the societies. The only way to save a life is to take few steps in order to take precautions. There are several measures that government should take. One of the most important measures that the government should take is the protection of jobs, especially of the lower income group, they can easily lose their livelihood and this pandemic affects them the most, more investments should be made in small scale businesses, the government can frame new the policies, and schemes for job opportunities on universal level. Measure to help the lowers — The government is processing with no. of programs that helps the lower and the middle-class individual to become stable on their own. This is most needed at the time of the pandemic. This should be reached smoothly and particularly to the needy. Restrictions on transportation — One of the very first measures taken by International community was to close borders and suspend international flights. This should go longer with more and more precautions to the extent of safety. Measure to reduce mass mobility-Countries most affected by the virus have so far adopted different policies on curfews. It gives a scenario of the daily commercial life that paused. Crowded areas should seal till the safety phase seems visible. Food availability to the migrant workers should be the primary responsibility of the government. Measure for work life — The governments all around the world adopted supportive measures for employees and employers, who have been adversely affected by the outbreak. It should be in the way it is. Work from home is quite manageable step to carry on in the period of Covid 19 Pandemic. Measure at health care system — The spread of the virus brought a heavy burden on the healthcare systems in the most affected countries, and stocks of healthcare equipment and medication began to short. Many countries offered free testing and freeing medications that are itself a quite good initiative.
The individuals play a vital role in the time of this Pandemic. They itself need to take the responsibility of tackling out of the unfavorable situation. The primary role is to take care of themselves and as well as of others in the society in this period of pandemic. Then a individual should work on their own productivity, update their skills. Self-improvement, hard work, striving to be better version of ourselves is the necessary step, one should take when addressing our contribution to any global change. If the government does not listen, the society have to make them listen and make a network to the civil society to bring the change with equal hands and recognize their worth of doing the contribution at the time of this pandemic. People of this country know how to engage with the government—even when we disagree with our leaders, or they don’t listen to us. As we live in a constitutional democracy, and civil society organizations to put pressure on the government, and to recreate society on the principles of equality, respect, and solidarity. Many civil society organizations have been working with domestic workers, industrial workers, mine workers, street vendors, or other informal sector workers, and many helping hands came together to help other needy people of the society. Perhaps This is the time for us to do that.