The unlocking – 2020: A year of challenges and what lies ahead for the SMEs | The Economic Times

Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/2020-a-year-of-challenges-and-what-lies-ahead-for-the-smes/the-unlocking/slideshow/79993348.cms

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How it all began

The buzz around Covid-19 was growing from late February with reports of Coronavirus making it into the daily news cycle. However, no one expected this virus to become a pandemic and make the whole world come to a halt. The seriousness of the situation became clear when India went into a lockdown from March 25. People were asked to remain indoors under all circumstances. In all this, the worst affected were the poor migrant workers who were suddenly left jobless and some without food or money for more than a couple of days. As the lockdown period kept extending these workers had no other option but to head back to their villages. Most worked in micro, small and medium businesses, which had shut down and no one knew when things would start looking up.

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