Published Paper Details:

The cause of the �financial lockdown� is the corona virus, it has impacted on recession, rising unemployment, lowering industrial production and profits. The current situation has had a "high to very high" level of impact on the business and therefore the economy is collapsing. At this point the helicopter money as well as Quantitative Easing (QE) is boosting the economy. Helicopter money means printing money to monetize government deficits and stimulate the economy during the recession, everyone views the money used in Quantitative Easing (QE) as helicopter money. Restrictions due to lockdown on commercial activities are seriously affecting global and domestic growth. The GDP rate has already declined and the Covid-19 effect will collapse the commercial sector .More over the GDP rate will fall further which lead to further financial crisis in the future. However, helicopter money can be very useful in the current situation.