The need for an emergency fund is now known to all. More and more people will start saving and building an emergency fund for uncertain times in future.
Due to increased unemployment and low salaries, many people did not have much money. There was decreased spending on non-essential items. So, consumption fell, and as a result, an economic slowdown occurred.
At present, India is facing the second wave of Covid-19. So, vaccination drive should be at a faster pace to vaccinate all as soon as possible. When a good percentage of people are vaccinated, it results in herd immunity, which provides indirect protection to those who are not vaccinated.