Covid-19 has affected the entire world politically, economically and culturally. No state has remained immune to the pandemic. Among strict lockdowns and restrictions on movement, both of the people and goods, the pandemic has had huge and long-lasting ramifications for the world economy. India, the second most populous country after China, has so far been unsuccessful in combating the pandemic. After the US, India is home to second largest confirmed cases of Covid-19. The country recorded the world’s largest increase in the number of confirmed cases over September 2020, and has been a hotspot of confirmed cases with more than 5 million infections.[1] Consequently, following a strict lockdown and the rising number of Coivd-19 cases, the country has been heading towards a rapid economic recession.[2]
