The crisis created by the global pandemic has shattered the GSCs that are considered as veins of the global economy. The fact of the matter is that there is not even a single country in the world that remains untouched from such upheavals, including India, which suffered heavily, albeit with varying degrees of impact on different sectors of the economy. The depth and breadth of the crisis was so profound that it was unfathomable for countries to immediately respond to this unprecedented challenge. The deadly COVID-19 pandemic followed by the global lockdown has disrupted the functioning of global supply chains (GSC), which led to both demand- and supply-side shocks to the world economy.
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