COVID-19 Impact on Indian Economy
The Indian economy has been experiencing significant slowdown over the past few quarters. In the third
quarter of the current fiscal, the economy grew at a six-year low rate of 4.7%. Tourism, Hospitality and Aviation are among the worst affected sectors that are facing the maximum brunt of the present crisis.
Closing of cinema theatres and declining footfall in shopping complexes has affected the retail sector by impacting consumption of both essential and discretionary items