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The COVID-19 has affected millions of people across the world and worsened the socio-economic conditions that have sound reasons to discuss about the impact of COVID-19 on the progress of achieving the target level of sustainable development. The stagflation due to COVID-19 has a possibility to push a large section of population back under the critical level of income. The economic restriction and lockdown has impacted on the supply of food and essential requirements for decent living. The health services and education have been jeopardised. So the possible impact to achieving the Sustainable Development Goals of no poverty (SDG1), zero hunger (SDG2), good health and wellbeing (SDG3), education (SDG4), decent work and economic growth (SDG8), income inequality (SDG10) are examined in this chapter. This chapter also discusses about the proper implementation and stress on SDGs as the possible instruments on the way out of recession. Difference-in-difference analysis is used to explain the impact of COVID-19 with the data in global context in respect of before COVID and after COVID.