Hey,

The effect of Covid-19 is very large on the Indian economy. And not only India, around 100 countries are facing this situation. Businesses across the world like hospitality, entertainment, aviation etc. have seen a major negative impact due to this outspread.

There is a big shift in the world economic market. Factories, Restaurants, Pubs, Markets, Flights, Super Markets, Malls, Universities and Colleges etc. were shut down. Fear of corona virus has limited the movement of the individuals.

People are not even going to buy the daily essentials and these all were somewhere impacting the economy of the world as a whole. The Organization for Economic Co-operation and Development (OECD)reveals that they have cut their expectation for global growth to 2.4% from 2.9%, and warns that it could fall as low as 1.5%.

Covid-19 has disrupted global supply chains and this is generating spill over effects throughout different levels of supplier networks. Global trade in 2020 will fall in every region of the world, and will affect all sectors of the economy.

Hope it helps.