The world right now is clenched within the vicious claws of coronavirus. The higly contagious and virulent virus was first oroginated in Wuhan city of China. Since then, the world has been facing an extraordinary situation. In order to quench the spread, many countries had imposed nationwide lockdown including India. This had resulted in the complete shutdown of industry, schools, colleges etc. Every sector of the economy has been affected miserably. With the arrival of Covid 19, the financial health of the country is expected to deterioraate. India's quarterly GDP Is estimated to decline Over 9 percent between April and June.

The impact of coronavirus pandemic could lead to Slowdown in domestic demand, Elimination of purchasing power due to job losses and pay cuts. With lack of cash in hand, the flow of money in the economy would get disrupted. MSMEs, hospitality and tourism, aviation and real estate are consodered to be worstly affected.