India continues to reel under COVID-19 even as other countries across the world seem to be recovering. The US and Europe are looking at an economic bounce back, which can lead to an increase in demand for raw materials. This will lead to an increase in prices of raw materials and a concomitant rise in the input prices incurred by Indian corporates. However, if the pandemic continues to rage in the country, there will not be any increase in sales which will affect the profits of these businesses. This essentially means that it's not only the lower and middle classes in India who are staring at an economic depression, but the rich won't be spared either.