India in the Post Pandemic World. Globalization, Impact and Future

Essay from the year 2021 in the subject Politics - Topic: Globalization, Political Economics, , course: B.A L.LB, language: English, abstract: Globalization has grown to interpose as a medium to cinch the economic and cultural growth of people. The growth in suburbanization and the coalescence of the world economy have expedited the rise of a global connexion. The after-effects of a pandemic are at most defined not only in terms of mortality but also by their impact on our day-to-day livelihood and the economy, with globalization fast-tracking this loss and costing billions (US dollars) in expenses. The COVID-19 pandemic has also affected the economy in terms of supply and demand. The unprecedented event of COVID-19 and the implemented lockdown measures have prompted ambiguities concerning economic growth around the world. The dubiety regarding the growth of the world economy forecast in 2020 by the International Monetary Fund(IMF) is projected to fall by 3% and by 6.1% for advanced economies.