Nationwide lockdown could cost Indian economy over $4 BILLION A DAY ...United Arab Emirates

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Nationwide lockdown could cost Indian economy over $4 BILLION A DAY
The 21-day complete shutdown across India which was triggered by the rapid spread of the coronavirus outbreak will result in a gross domestic product (GDP) loss of almost $98 billion, according to Acuite Ratings & Research. “While the countrywide shutdown is scheduled to be lifted from April 15, 2020, the risks of prolonged disruption in economic activities exist depending on the intensity of the outbreak,” the credit rating agency said, adding that the ongoing disruption will have significant economic consequences across the world as well as in India. Acuite Ratings has warned there is a risk of a contraction of April-June (2020-21 fi

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