Capital Markets will not look the same in 2020 than it did last
year. It will be dismal. As though the mayhem of 2019 was not
sufficient, 2020 has thrown a spanner in the wheel, what with the
lockdown and resulting recession in the economy because of
COVID-19. We are under complete shutdown of economic activities in
both domestic and international trade, which is unprecedented in
the history of mankind.
India is staring at the worst economic crisis since 2008 and is
looking for a million people to be pushed below the poverty line,
doing irreversible damage to the economy and undoing a lot of the
gains achieved in past many years in poverty alleviation and
increased standard of living. Unfortunately, the economic brunt
will be borne by the poor and low-income earning segment of the
population.
