Covid-19 has not only had an impact on the health of people at large, the economic damage that it has rendered and will continue to render may be more damaging than the disease itself. During the course of this pandemic, businesses continue to be significantly impacted, liquidity remains tight and so does the scale of operations. New strategic alliances or business partnerships are dwindling during the period. COVID-19 has certainly impacted the Indian economy to a great extent. The government is focussing on meeting hyper demand for essential items like healthcare infrastructure and facilities while non-essential items are seeing a steep decline. On top of that, the restrictions on movement imposed by the Government for the purpose of containing the virus have forced many sectors to pull their shutters down.