The outbreak of COVID-19 has ravaged world economies by bringing economic and social development and activities to a standstill. A world that was always ripe with activities became silent with national lockdowns and every resource was diverted to meet the unprecedented crisis. For the first time, there was a multi-sectoral impact with economic activities of countries being bogged down by a virus.
The pandemic has affected the manufacturing and the dependent services sector – hospitality, tours and travels, healthcare, retail, banks, hotels, land, education, health, IT, recreation, media and other industries – impacting workforce, bringing liquidity crunch and disrupting the overall economy.
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