Due to pandemic of Covid 19, almost everything is shut down. Now everyone is expecting that Economy will have a “V Shaped” recovery from Covid 19 Pandemic.
A V-shaped recovery resembles to short fall followed by bounce back of pre virus activity.
Various type of recoveries possible in India could be :sp;
The worst thing is that many of the businesses will not recover to the pre corona levels till a few years, as the economy is shut down and even the liquidity is at its lowest.
For example, Tourism sector don’t expect people to travel at least for a period of 6 months which directly affects various sectors like Airline industry and Hotel Industry.
Social Distancing will make it difficult for people to watch movies, visit saloons and go out for eating at restaurant and street shopping until a vaccine is developed. Till July 1st week, we will be habitual to the new rules and start returning to routine with new rules.
Social Distancing will now be a part of life and we need to get normal with it and start hustling in a different way.
CAclubindia
