Nowadays the circumstances are notably difficult at every instance. There is uncertainty everywhere. The measure of disruption the COVID-19 lockdown has brought to the Indian economy has made the current and future scenario very tough to deal with. During the COVID-19 lockdown, an estimated 14 crore (140 million) people have lost employment.
On 12 April 2020, a World Bank report focusing on South Asia said that India’s economy is expected to grow 1.5% to 2.8% for FY21. This will be the lowest growth for India in 30 years. The World Bank report said that the pandemic has “magnified pre-existing risks to India’s economic outlook”.