The Government of Rajasthan has taken very stringent steps to enforce statewide lockdown to contain the spread of COVID-19 pandemic. It has worked closely with the Government of India to contain the spread through vigorous screening and quarantine of the infected persons and their contacts. The protocol followed to rapidly contain the explosive spread of contagion in district Bhilwara is now globally acknowledged as best practice. However, the state government recognizes the danger of complete shutdown of economic activities, which could result in the total collapse of the economy resulting in large-scale disruption in livelihoods, and far worse, spread of hunger and starvation. To minimize the impact on people, the State Government has undertaken measures to maintain the supply chain of essential commodities, provide support in cash and kind to the weak and vulnerable. However, a very coherent and comprehensive plan is required, with the full backing of the Government of India to restart economic activities and alleviate the suffering of the masses. This report, therefore, lays emphasis on the need to synergize efforts of the state and the central government in meeting the economic challenge in a substantial measure. It then lays out a comprehensive strategy to restart economic activities in the state of Rajasthan. This is enunciated in four sections Section 1 deals with economic impact of COVID-19 and measures to contain it, Section 2 contains broad framework on which economic strategy is developed, Section 3 entails sectoral strategy and Section 4 contains other steps that the Government may take to generate confidence in economy and its revival plan.