Thiruvananthapuram: A study by the Kerala State Planning Board estimates a loss of ₹80,000 crore to the state economy due to the nationwide lockdown amid the coronavirus scare.
The study -- titled "Quick Assessment of the Impact of the Covid-19 Pandemic and Lockdown on Kerala's Economy" -- was undertaken after Chief Minister Pinarayi Vijayan asked the Board to make a quick assessment of the state's losses, particularly to the sectors most vulnerable to the impact of Covid-19 crisis.
The study pertains to the period between March 25 and May 3, 2020. "For March 2020, assuming about 10 days of total production loss and decreased economic activity from the middle of March, we estimate the shortfall in value addition in the state to be roughly