The COVID-19 pandemic is a humanitarian challenge. It needs creative and collaborative strategies to overcome this crisis.
In March 2020, the World Health Organization (WHO) declared coronavirus as a global pandemic. The rapid spread of the virus has created an unprecedented situation in India and globally. The virus displays unique and deadlier characteristics than other annual flu viruses. The first COVID-19 incidence in India was reported on 30 January 2020, originating from China. The outbreak has been declared an epidemic in more than a dozen states and union territories, where provisions of the Epidemic Diseases Act, 1897 have been invoked.
As the scale and impact of the COVID-19 grows, it is important to get a clear sector-specific view of how the pandemic is impacting India. It is with this intent that CMR has mapped the COVID-19 impact across key industry sectors:
In preparing this market outlook, CMR has assessed COVID-19 impact, and time to recovery, through primary analyst interactions.