India has already entered in fourth phase of lockdown from May 18 till May 31. Many states are trying hard to generate sources of revenue as state government’s funds have completely dried up. Many credit rating agencies in first and second phase of the lockdown had estimated the whooping economic damage caused by the lockdowns. Barclays Research said on April 14 that the loss of output due to shuttered factories and closed offices worked out to $26 billion per week. The total damage estimated to the economy was estimated to be $234.4 billion, which is roughly at 8.1 per cent of GDP.