The corona virus, a disease spread by China’s Wuhan, has led to a worldwide lockdown-like situation, which has shut down most factories and businesses, prohibiting flights, trains and vehicles due to the corona virus, a 21-day period. The Indian economy has suffered at least Rs 7-8 lakh crore during the period.
Just as COVID-19 spread its wings in the whole world, which Prime Minister of India Narendra Modi did not take this pandemic lightly, he announced a nationwide complete lockdown in India from 25th March which is economic activity, investment, export. And equal to 70 percent of discretionary consumption. Only essential goods and services such as agriculture, mining, utility services, certain financial and IT services and public services were allowed to operate.
Centrum Institutional Research said that the country revisits the possibility of low single digit growth for the financial year 20 – 21 (April 2012 to March 2021).