Open AccessPUBLIC DISTRIBUTION SYSTEM AND COVID-19 : A NARRATIVE REVIEW
Author(s) -
P Tiwari,
Swati Bachani
Publication year - 2020
Publication title -
indian journal of applied research
Language(s) - English
DOI - 10.36106/ijar/1914967
Subject(s) - solidarity , global recession , recession , distribution (mathematics) , global health , investment (military) , financial crisis , business , politics , economics , economic growth , development economics , political science , health care , mathematical analysis , mathematics , keynesian economics , law , macroeconomics
Without definite measures, the latest global health crisis COVID-19 can lead to a food security crisis. (Fan, 2020) World Health Organization (WHO) confirmed the spread of pandemic to 216 countries with over 10 million active cases.(WHO, 2020) With the massive rate of transmission, the disease has even indirectly infected the other realms of society as well. The global economy is already struck by the inevitable, lasting recession posing deeper social and political amendments.(Pathak et al., 2020) Governments imposing lockdowns constrained inter-state transport and international travel restrictions have disrupted the logistics and supply chain for the manufacturers, distributors, and consumers as well. United Nations Conference on Trade and Development presented a report claiming the automotive commerce (-47%), elementary material productions (-116%) and energy industry (-208%) are the hardest hit sector by COVID-19, cutting the global investment by 40%. (UNCTAD, 2020) Financial problems, downsizing, limiting access, increased job insecurity, reduced income localized price hikes, shortage of labors due to out-migration, and others are significant apprehensions. UN Department Economic and Social Affairs stated that at the worst extreme, the global economy could even condense by approximately 1% in 2020. (Press Trust of India, 2020) The crisis scenario can only be improved by harmonized decisions, international solidarity, innovative policymaking, and firm decisions by leading global economies.