According to an estimate by the Acuite Ratings & Research Ltd, India may lose $98 Billion due to 21-days nationwide Coronavirus lockdown with an average of almost almost $4.64 billion every day.
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India May Lose $98 Billion Due To Coronavirus Lockdown
The unprecedented nationwide lockdown that shut businesses, suspended flights and stopped all modes of transport will cost the Indian economy almost $4.64 billion every day and the entire 21-day lockdown will result in a GDP loss of almost $98 billion, Acuite Ratings & Research Ltd said on Thursday.
“While the countrywide shutdown is scheduled to be lifted from ...