The document discusses the impact of the COVID-19 pandemic on the global and Indian economy and industry. It notes a plunge in world trade from 13-32% and double digit declines in trade volumes. Unemployment increased from 6-7% globally. The gems and jewelry industry in India saw losses of Rs. 1300 crore in exports and Rs. 8000-10000 crore due to cancellation of trade fairs. Recommendations are made for a company called Mahendra Brothers to accept crypto currency payments and develop their own crypto coin to build trust as well as an online portal to buy and sell inventory directly.