A Comparative Analysis Of Some Selected Country's Economic And Business Environment

Abstract

proportional inquiry of Canada, Germany, and India's economic and business environment in terms of the before and after Covid-19 condition in flora and fauna (world) shows that The GDP of Canada in 2020 is expected to reach US$ 1590 billion (Trading economics, 2021a).The report of the World Bank (2019) of Germany shows that in 2019, the GDP of the country is around US$ 3.86 lakh crore. Although in 2020, the country's GDP is around $3,861,211 million (Country economy, 2020a), and India's GDP growth has increased by 5% in 2019 (World Bank, 2019). On the contrary, in 2020, it has decreased as the estimated GDP is ₹123.39 lakh crore (Dhoot, 2021).Perhaps other factors such as Unemployment rate, Income per Capita, Annual Inflation Rate, and Foreign Direct Investment were analyzed. However, from the public dialogue, it is noted that the pandemic situation in the world has had a massive impact on Canada's business situation. By comparing Canada's business situation with Germany and India, it is noted that all countries in the world have been affected by this pandemic. Although using Canada's technical advancement, it would be possible for the government to develop the business situation in the current situation. The unemployment issue is one of the significant challenges facing the Covid-19 situation in the world that has influenced Canada's business situation. That is why it can be considered a threat to the country.The study further explores business operations in the market and recommends all pecuniary nations to take initiatives to recreate business strategies. The government needs to generate funds for business firms in the market.