How is the covid19 pandemic changing the picture of the Indian manufacturing sector
Changing the picture of the Indian manufacturing sector from Covid-19 It is absolutely true that Covid-19 will change the way the world works. There would be fundamental changes in how people, businesses, and economies function. It is estimated that almost 85-90 % of businesses will struggle; some may even perish into oblivion. But as with economic adversities of the past, new industries will emerge bringing with it renewed hope of recovery. It is obvious that Banks and financial institutions will be under immense pressure as the fear of NPAs, insolvency and bankruptcies will eventually increase multifold to say the least. With the entire financial sector taking a jolt due to the pandemic, it is a no brainer to say that the manufacturing sector will suffer too. Prior to the corona outbreak, manufacturing had emerged as one of the high growth sectors in India. With the government initiatives like ‘’Make in India’’, India was expected to become the fifth largest manufacturing country i