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The repercussions occasionally are more detrimental than the storm. Similar is the scenario of the Economic Crisis 2008. It was devastating at the moment, but the concern was more towards the time period it has prolonged in the economy. In mid-March 2020, when our honourable Prime Minister announced about the entire nation lockdown, COVID-19 was proven to be a pandemic that was proven to be a pandemic that not only deteriorated the health of the nation but also was a revolutionary change for the economy as well. Hence, estimating volatility in such dreadful scenarios becomes extremely important.

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