Economics is said to be a science of choice. In this Covid-19 pandemic, we have very less choices and it is impacting global and local economy. Let us glance at its impact on global economy.

Outbreak of Covid-19 is unprecedented shock to the not onlythe Indian but also global economy. It has impact on health and economic crises. In this lock down, people can shop for essentials only in stipulated hours and in the vicinity of their house. Country wide lockdown resulted in disruption in demand, supply, and the economy will face recessionary period.