The same in other media
₹40k cr everyday from Indian economy: CARE Ratings
Reading now: 604
Q4 growth may not be negative but can go down to 1.5-2.5%. The economy was slated to grow by ₹1.74 lakh crore in Q4 or by 4.7% Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of ₹35,000-40,000 crore on a daily basis, shaving off ₹6.3-7.2 lakh crore cumulatively, says Care Ratings.
The assessment is based on the FY20 real GDP that is ₹140-150 lakh crore. Assuming 300 working days in a year, the daily output comes to ₹45-50,000 crore which can potentially be lost due to the shutdowns, says the report.
Based on this, Q4 growth may not be negative but can go down to 1.5-2.5 per cent. The economy was slated to grow by ₹1.74 lakh crore in Q4 or by 4.7 per cent. "Assuming 80 per cent
Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|
