COVID-19 PANDEMIC AND ITS IMPACTS ON MICRO SMALL AND MEDIUM ENTERPRISES OF ASSAM

The human civilization has witnessed several numbers of pandemic from time to time since time immemorial such as the Plague, Cholera, Influenza, Chicken pox Malaria, Typhus, and HIV/AIDS etc. This Pandemic has created a serious threat to the existence of human civilization and also badly affected globally in the socio-economic conditions and industrial development. The Corona Virus Disease 2019, shortly Covid !9 is a recently developed global pandemic which was first identified in Wuhan city of China in the month of December 2019 and on 11th march 2020 it was declared as a pandemic by the World Health Organization. The all most all of the countries of the world were severely affected from this pandemic, specially, in the industrial and health sectors, where lakhs of people lost their lives. India is also not exceptional in this regard. As a developing country thousands of educated unemployed youth rush to other developed countries specially the Middle East countries for searching of jobs. But due to covid-19 pandemic most of the youth return back to their home land India. It has been observed that due to the outbreak of COVID-19, the economic situation of India has been badly affected because most of the Large and MSMEs were closed down as a result lakhs of youths became unemployed. The entire economic condition of the North Easter state of India including Assam were also badly affected in this pandemic because the region is industrially very poor as compared to the other states of the country, therefore, thousands of unemployed youth go to other states like Tamilnadu, Kerela, Karnatak, Maharastra, Delhi, Hariyana etc. in search of jobs. Due to this pandemic these youths returned to their own state due to shutdown of their industries, which affected in economy. Therefore, this study is an attempt to highlight the major impacts of the Covid-19 on economic and industrial sectors of Assam.