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Brick by brick: A revival plan for coronavirus-hit Indian economy, industry

The Covid-19 outbreak resulted in unprecedented suffering and economic destruction. The health crisis has virtually stalled trade and commerce worldwide. The virus, first detected in Wuhan, eventually spread to most parts of the world to assume pandemic proportions. China plays a significant role in global production, trade, tourism, commodity markets and global supply chains as a producer of intermediate goods such as computers, electronics, pharmaceuticals, and transport equipment. Hence, the crisis spilled over to other countries. The pandemic led to the destruction of global supply chains, weaker demand for goods and services, fall in international tourism, increased risk in financial markets, drop in commodity prices, and a dip in business and consumer confidence.

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