This year's environment has left many of the country's economic development affected, there is no way, so far, the new Coronavirus pneumonia epidemic is still raging around the world, in the epidemic's blow, the economic development of almost every country suffered their respective waterloo of economic development. According to recent data reported by the foreign media, we can see that among the world's major economies, India's economic situation is the most disastrous, in the second quarter of India's economic report just released, India's economy fell by 23.9% year-on-year, which is also the largest drop in India's economy ever.

This includes the mining, manufacturing, and construction industries. Not only are these industries traumatized, but most critically, the unemployment rate of the people in India remains high, which has led to a significant reduction in national consumption, and from the impact on the manufacturing industry and other industries, which can be said to have created an unfavorable cycle for the Indian economy. India's GDP plummeted this time, in fact, with the spread of the new coronavirus is inseparable, according to the relevant reports can be seen, India's economy in a number of industries have been severely hit. But that was inevitable, as unemployment also reached a very high point during the worst of the epidemic in the country.

The main culprit for this severe downturn in India's economy, which we all actually know about, is the epidemic, and not only that, but even the economies of the U.S. and China have been affected, with the U.S.'s current policy stance being to add huge amounts of debt to its balance sheet, which of course was incurred primarily for emergency disbursement of funds rather than any kind of productivity-enhancing investment, and with the U.S. dollar having fallen this year by a total of 4.17%, and this U.S. effort at an economic crisis is actually sad because it is likely to reignite inflation afterward.

In any case, the global economy is currently in a depression, which is not a one-country affair, but requires all countries to work together, and if individual countries continue to be self-righteous and unilateral now, that country's economy will continue to move in the opposite direction in the near future.