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Will FY21 be a washout? Chances are high after COVID-19 hit

Workforce in the unorganised sector has been the worst-hit, as they remain stranded across Indian cities, with no place to go as all state borders have been shut.

March 27, 2020 / 07:19 PM IST
Representative Image

Representative Image

The coronavirus outbreak has sent shock waves across the world and the Indian economy is looking at ways to mitigate its deadly impact.

In two weeks, trading on India's bourses was halted for 45 minutes twice. Most of the informal sector has been brought to its knees, after the government announced a 21-day lockdown to tackle the health crisis.

Demand has collapsed except in essential, everyday items. Workforce in the unorganised sector has been the worst-hit, as they remain stranded across Indian cities, with no place to go as all state borders have been shut.

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