Negative impacts of coronavirus on India and the world

New Delhi : The number of coronavirus cases in India is on a rise and spike has been registered in many other parts of the world too, leading to a decision of countries banning the entry of foreign nationals on their land.

India has suspended all tourist visas till April 15 to ensure no foreigner comes to India as the nation is trying to contain the contagious virus.

With this a huge drop in the number of tourists will end up hitting the financial losses to the tourism sector of India.

The norms got tightened after 17 Italian tourists who were on their trip to India were found positive to the COVID 19. All of them have been quarantined.

The total number of positive cases in India has gone up to 74 and one casualty has been reported in Karnataka.

It is not just the tourism industry which is taking the hit, as a precautionary measure several governments have shut down schools, colleges and even movie theaters.

With the education system going on halt, several students will come under an undue pressure of clearing the exams and get less time for their next academic year.

Apart from that with a ban on public events and shutting down of movie theaters, the entertainment industry has to face the heat too. The makers of Angrezi Medium and Akshay Kumar's upcoming movie Sooryavanshi have raised fears of huge losses they will have to face due to emergency situation.

While Angrezi Medium will release on Friday (March 13), the makers of Sooryavanshi are planning to postpone the release date to ensure not much loss come their way.

In sports sector, the cricket stadiums will go empty as India and South Africa will play their remaining matches. It has also been learned that the upcoming mega cricket event – Indian Premier League – may also get postponed if the alarming situation due to coronavirus does not come into control.

In business sector, Sensex is on a continuous downward trend and the markets are likely to get more worse in coming days due to global slowdown, a result of coronavirus outbreak.