COVID-19 has thrown an unusual challenge for globe in
general and India in particular. Given the colossal size of the
population, the unsafe situation of the economy, especially of
the financial sector in the pre-Covid-19 period, and the
economy’s heavily relying on informal labour sector,
lockdowns and other social distancing precautionary would be
highly disruptive. Hence, the world is passing through flurry
struggling with the corona pandemic. Schools, Universities,
Offices, Industries are under hideous lock down. Owing to this
pandemic we suffered a huge loss of human capital. COVID-
19 effect in India is expected to have a significant impact on
the economy including economic slowdowns, slump in energy,
agriculture, afflicted small farmers, manufacture, units of
migrant workers, labour force and tourism sector, trade, supply
chain disruption, commodities, and logistics. World Economy
is going down and according to one of the reports of
International Monetary Fund the world is going to hit the
stupendous recession of the last 100 years. At the same time,
they must ensure that the responses remain enshrined in a
rules-based framework and limit the exercise of discretion in
order to shun the long-term damage to the economy.
This extensive work mirrors the affected regions and
various sectors. That matters much in the context of existence.
Also, this work encapsulates the tremendous implications for
over all socio-economic life of the multitude.
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