Economists say it will largely depend on how long the lockdowns last – around a quarter of all humanity is currently in lockdown – and how far government support goes in helping individuals, businesses and markets survive the crisis.
"The overall jump in export demand for fruits and vegetables has increased by 15%. But we have seen the demand for raw turmeric jump by 300%," said Kaushal Khakhar, chief executive officer at Kay Bee Exports.
The covid-19 lockdown further threatens the housing sector that has already seen a rise in unsold inventory of houses across leading cities in the country, Anarock Property Consultants expects an annual decline of 25-35% in home sales (top seven cities) in 2020