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Indian

21-day lockdown Care Ratings predicts Rs 7.2 lakh crore impact on economy

“Assuming 80 per cent production is lost, and 20 per cent of the economy (that constitutes the essential services and farming) still functions, Rs 35-40000 crore of GDP will be lost every day. Of the 21 days lockout, 14 days spill over to FY21, therefore potential total loss will be in the region of Rs 6.3-7.2 lakh crore assuming 18 working days will be split across the two years,” says the report.

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