india was going through recession anyway, lockdown has just made the situation worse. Lets look at what needs to be done to improve the situation.
coronavirus had lead people to hoard stuff. this implies to money as well. As stck market is crashing, people in the financial sector find it profitable to invest in golg , and not invest into anything that can be a affected by maekrt trends. in such situation the demamd in general will fall down. if demand falls, production will fall. and the country will be traped in a vicious cycle .
the government has to discover some way to increase employment in the country. what this will do is - it will increase spending in the economy. when people get jobs they start spending, this can break the cycle