Indian economy will come to a standstill, if lockdown continues
India, April 8 -- The battle to coronavirus pandemic is likely to result in huge job losses, pay cuts and freeze on hiring over the next few quarters, thereby giving blues to India's already distressed employment story. The casual laborer has lost their income. The service industry like transports, hospitality, maintenance have been shut totally. Manufacturing industries have shut down their operations. Agriculturists are not able to market their produce. Government's revenue has fallen deep. So, the economy is in a frozen stage. Students are not able to prepare themselves for their future careers. The cost of initiating all the above activities after the lock down period is high and it depends on how well the virus is contained and the peo...
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