Page 39 - Banking Finance September 2020

ARTICLE

IMPACT OF COVID-19

- FINDING NEW

AVENUES FOR

BUSINESS

CONTINUITY IN

DCCBS IN

TELANGANA

I t is apprehended that COVID-19 will reshape our in the economy, agricultural sector, inter alia, come into

world. It is not known yet as to when this crisis will
sight in the forefront. Agricultural operations are, certainly,
not interrupted. Farming community continued their
end. It has led to significant behavioural changes in
humans and considerable contraction to our economy,
that are likely to continue for some more time in the operations despite sudden and total lockdown in the entire
country besides social distancing in the humankind. Though
near future. there were some hick ups in this sector in the initial period
due to disruption in supply chains, once the restriction of
There lies the wisdom to look at the bright side in the event movement of goods is lifted, marketing of agricultural
of any hardship and find out the solution to tide over the produce showed rapid signs of improvement.
crisis. Despite so much disruption in various social and
economic activities, there are certain positive areas which 2. Estimated production of food grains and oilseeds during
cannot be overlooked. All the activities, per say, did not get the years 2018-19 & 2019-20 are shown in the chart
affected by the present pandemic. If we, for a while, move appearing herein. As may be seen therefrom, Indian
away from viewing the present unpleasant and gloomy agriculture has witnessed a distinct transformation. The
situation and point our focus towards some dynamic shifts total production of food grains reached a record 295.67
million tonnes in 2019- 20, registering a growth rate of 3.5
About the author percent over that of the last year. Total horticulture
production also reached an all-time high of 320 million
S. Satyanarayana G. Eswara Rao tonnes, growing at an annual average rate of 4.4 percent
Faculty Members over the last 10 years. (not shown in the chart.) Our country
TSCAB, CTI is now one of the leading producers of milk, cereals, pulses,
Hyderabad vegetables, fruits, cotton, sugarcane, fish, poultry and

BANKING FINANCE | SEPTEMBER | 2020 | 39