Abstract

The first trend of the Corona virus in India has been hugely confused. The World Bank and the credit rating agencies have reduced India's growth for the year 2021. The major companies have provisionally suspended their operations. Majority of the companies postponed their operations and the state governments have proclaimed financial assistance for the various unorganized sector. According to the survey of FICCI nearly 53 per cent of the businesses shutdowns due to the COVID-19 in India. Several businesses such for example hotels, airlines are hurtful salaries. Due to these problems the tea estates were unable to harvest because of the unavailability of labours. The production of two wheeler and four wheelers companies stopped their production till the further announcement. Due to the lockdown, various sector of the economy severely affected such as transport, banking, railways, construction and engineering etc.

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