1.

TRAVEL AND TOURISM- The travel and tourism industry appears to have taken the hardest hit to Covid-19
pandemic which resulted in job losses, hotels and business closing down. According to the WTTC (World Travel and
Tourism Council), the Covid-19 pandemic is likely to cost the tourism industry almost USD 22 billion and a loss of
almost 50 million jobs worldwide.

2. BUSINESS SENTIMENT- A FICCI(Federation Of Indian Chambers of Commerce and Industry) survey said that the
business sentiment in the country has been deeply impacted due to the second wave of coronavirus infections. It
said that the overall business confidence index has nosedived and stood at 51.5 in the current round after reporting
a decadal high value of 74.2 in the previous FICCI's Business Confidence Survey round.

3. GDP- The pandemic hit the country's GDP really sharp along with other economic damage. From April to June
2020, India’s GDP dropped by a massive 24.4%. In the 2nd quarter of FY 2020-21 the economy contracted by a
further 7.4%, with the third and fourth quarters seeing only weak recovery. The three-month lockdown sent the
economy into its worst ever contraction of -24% in the June 2020 quarter, followed by a -7.3% shrinkage from July to
September, pushing the economy into a rare recession. The fact that India’s growth rate in 2019 was among the
highest makes the drop due to Covid-19 even more noticeable.