Narendra Modi city New Delhi India covid-19 2020 pandemic economy Narendra Modi city New Delhi India

₹7-8 lakh crore due to lockdown, warn experts

Reading now: 196
www.livemint.com

New Delhi: The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy ₹7-8 lakh crore during the 21-day period, analysts and industry bodies said.

With the intent to contain the spread of COVID-19, Prime Minister Narendra Modi with effect from March 25 announced a nationwide complete lockdown that brought as much as 70 per cent of economic activity, investment, exports and discretionary consumption to a standstill.

Only essential goods and services such as agriculture, mining, utility services, some financial and IT services and public services were allowed to operate.

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.

Related News

DMCA