The most profound global health emergency that the world has experienced in the modern history is the Covid19 Crisis, which started from Wuhan, China. To cope up with this pandemic, many countries of the world imposed strict lockdown with the sole objective of saving lives. In India, it was first imposed from 25th March, 2020. The lockdown brought with it many seen/unseen problems like loss of job and income, labor migration to native place, fall in demand, production, consumption, GDP, etc. The effect of pandemic was quite evident in various economic indicators of FY 2020-21. The world economy is estimated to have shrunk by 4.3 % in 2020 as per World Bank, and 3.5 % as per IMF.2
Keywords: Pandemic, Automobile Industry, Covid19, GDP, IMF.
