The 2020 recession was anticipated and everyone knew about it. But what possibly could trigger it, was not known. Now that the pandemic has already triggered it, the question remains as to how long before we actually get into the positive growth numbers.
All the prior recessions to this were the outcomes of economical/financial causes. But this time it has been due a public health crisis.
The pandemic has caused an inevitable damage to the economy by forcing it to arrive at a complete halt due to a blanket lockdown. The meltdown has been unpleasant. This is worst crash in the shortest time. The 2008 crash was worse; but was spread over months with Nifty dropping by 65% from its peak. This time, it has been nearly 30% in just few days. Its a similar scenario with global markets too.
Initial figures say the global economy contraction could be by 1%. Some fear that this could even lead to the depression. Q2 could prove out to be nasty, specially due to the real economy coming to a grinding halt as a result of complete shut down.
Recovery
India will recover the fastest followed by China. That is to say, emerging markets recover faster than the advanced economies.
Economists believe that the pandemic could end soon and the economy should get back on its feet by Q3. The second half of the year could be the starting point when the manufacturing will resume, but the growth will be sluggish.
It is also important to appreciate the fact that the situation in India is whole lot better than that of any other developed economies; thanks to the necessary measures implemented by the government on time. This also means that India could be less impacted economically.
The economy could get back its real growth only in 2021. But the government should come up with an economic stimulus package to boost the floundering economy.
Sectors like aviation, hospitality and tourism will be the adversely affected ones, while the pharma, telecom and FMCG will the ones doing well.
Team Mind Feed 
Jayaraj Shetty 
Gaurav Prabhu 
