The covid-19 pandemic is a rare calamity where the manifestations have cut across national boundaries. The need for enforcing social distancing to stop the spread of the virus has seen lockdown across several countries, impacting over half the global population.
Steps have been taken to place severe restrictions on economic activities barring ‘essential services’. Early analysis of the impact is indicative of a downward pressure on the major contributors of the Gross Domestic Product (GDP)—private consumption, investment, and external trade—leading to a potential global economic depression.