Abstract
BACKGROUND 
 COVID-19 or coronavirus disease 2019 has multispectral consequences attached to it. Economic downturn is one of them. Almost all countries are facing economic challenges post covid-19 and are searching for panacea. 
 SUMMARY 
 Along with the medical impact which has resulted into almost more than 85 million infection of COVID-19 worldwide and almost two million case fatalities, there is also economic downfall attached to it. After the great depression of 1930, the pandemic induced crisis is worst in almost past hundred years. Even the basic needs of human beings such as food was not able to fulfil after pandemic. The prolonged lockdown to contain the viral spread of novel coronavirus made almost all the economic activities closed leading to widespread loss of livelihood and jobs. GDP outputs were contracted and demand also soared due to saving nature of people in uncertain times. 
 CONCLUSION 
 As the vaccine is in final stage and is ready to be distributed, more and more businesses can restart. Policy makers should not shy away from providing any fiscal package if necessary, to revive the economy.
Highlights
COVID-19 or coronavirus disease 2019 is wreaking havoc all over the world
As of January 16, 2021, 93,819,952 people has been infected by COVID-19 and 2,008,273 case fatalities has been reported due to COVID-19 complications crossing the unfortunate mark of two million[1]
Most hit countries of Europe’s such as Italy and Spain had experienced their worst nightmare coming true. Their gross domestic product (GDP) will contract by 17.5 and 19.2 percent owing to lockdown and massive case infection of COVID-19
Summary
As the pandemic induced lockdown is slowly easing up and economies are trying to revive, all the necessary steps must be taken to ensure their resurrection. Various schemes launched to ensure minimum food for all post lockdown must be continued and reviewed as effects of the pandemic has not completely waned away. Job creation should be topic for focus as unemployment levels are unprecedented. Solving this problem will solve many other problems like lack of demand, speedy recovery and so many other things. As the money will float, the demand will pick up automatically, which will revive the industry and the wheel of the economy will kick start again
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