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The Covid-19 epidemic has affected nearly every nation across the globe. The virus's propagation had a disastrous effect on both human health and the economy as a whole. The COVID-19 global crisis is the worst since the conclusion of World War II. The global economy decreased by 3.5 percent in 2020, according to the IMF's April 2021 World Economic Outlook Report, a 7 percent reduction from the 3.4 percent growth anticipated in October 2019. While practically every IMF-covered country had negative growth in 2020, the drop was more severe in the world's poorest regions. The global supply system and foreign trade of all countries, including India, were impacted by the worldwide lockdown to prevent the virus from spreading. Since the beginning of 2020, the Covid19 pandemic has had a negative impact on the global business climate. In recent years, the COVID-19 pandemic has caused considerable public health and economic concerns in South Asian countries, with India, Bangladesh, and Pakistan bearing the brunt of the burden. The countries' national lockdown was effective in limiting the spread of the coronavirus in South Asia, but it came at a significant economic and social price. Industrial activity has declined sharply in Japan, South Korea, Indonesia, Vietnam, and the Philippines. Tourism, trade, and remittances, as well as all other important sources of foreign currency for South Asian countries, have been severely hit. The COVID19 spread has had a tremendous impact on global financial markets. As the number of cases began to climb globally, the international financial and energy markets plunged significantly, notably in the United States, Italy, Spain, Germany, France, Iran, and South Korea, as well as South Asian countries. Travel reductions have had a significant influence on service sectors like tourism, hospitality, and transportation. According to the IMF, South Asian economies were anticipated to decline in 2020 for the first time in four decades. Because of premature deaths, occupational absenteeism, and productivity losses, the epidemic has pushed millions into poverty and worsened income and wealth inequality. Manufacturing and productive activity have decreased as a result of global supply chain disruptions and factory closures, resulting in a negative supply shock. This has created a significant short-term hurdle for policymakers, particularly as food and commodity prices rise, worsening economic insecurity. Failing to achieve a balanced recovery might lead to social and political upheaval, as well as severe responses from governments that have been less tolerant of dissenting voices in recent years. The pandemic has devastated almost every sector of the Indian economy. But the extent and severity of the damage varied from sector to sector within each location. Aside from MSMEs, Agricultural and Agro-based businesses, Banking and NBFCs, and Social Sectors were all threatened. The pandemic caused havoc in the Financial Markets and Mutual Funds industries. As lockdown measures were implemented during the early stages of the epidemic, India's auto manufacturing and ancillary sectors were severely harmed, and the situation remained tense for many months.