Impact of Covid-19 on the Financial Performance of Unorganised Retail Business in India-A Study in West Bengal

Authors

  • Dr. Baneswar Kapasi

Abstract

Retail business plays a significant role in India in terms of economic value addition and employment generation. Although, the importance of organised retail is increasing day by daybutthe importance of unorganised retail remained significant in India. Unorganised retail sector contributes near about ten percent of GSP in India. Covid-19 has impacted all parts of society. For controlling the spreading of the virus, prolonged unplanned lockdown negatively impacted the Indian economy. The unorganised retail business was impacted significantly during this lockdown period. Unplanned shutdown for lockdown, breakdown of the transport system, and increasing debt collection significantly impacted the profitability of the Indian unorganised retail sector. Government support in terms of finance, technology, and health care can protect the retail sectors and the Indian economy. At the cost of society, the government should think about the problems of the retailers for balanced growth. The policymakers should seriously consider the genuine problem of the retails.

References

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Published

2021-12-31

How to Cite

Dr. Baneswar Kapasi. (2021). Impact of Covid-19 on the Financial Performance of Unorganised Retail Business in India-A Study in West Bengal. International Journal of Economic Perspectives, 15(1), 513–521. Retrieved from http://ijeponline.org/index.php/journal/article/view/154

Issue

Vol. 15 No. 1 (2021)

Section

Peer Review Articles
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