Economy

                        The Indian Economy was already facing a severe slowdown even before Covid-19 hit the country. Now, with increasing number of Covid-19 cases and nation wide lockdown in place since 25th March things look too grim. Almost 70% of the economy is completely shut and only health care sector along with other essential supplies is functioning.              The initial 21 day lockdown already costed India more than 8 lakh crore and now with the lockdown being extended for two more weeks, we can expect this figure to double and even go up. India's export dipped 34.57% in March whereas import dipped 28.72% during the same period. The dip in export is likely to be the sharpest dip since 2008-09 when export went down by 33.3%. What started as a health crisis in China has now become a financial crisis for the entire world and this crisis looks far more serious than 2008 crisis. In 2008, atleast everything was functioning and it was just a financial crisis. Now, its f