The lockdown in India has been extended until May 3. The economy is hurt during a 21-day lockdown to prevent the corona virus epidemic from spreading in the country. Analysts and industry boards have predicted that the 21-day lockdown could impact India's staggering economy by Rs7-8 lakh crore.
Most of the factories and businesses remained closed in the lockdown. Flights from the Indian Railways are suspended. Also, the movement of vehicles and people has also been banned.
The country's economic activities stalled
The lockdown of 21 days from March 25 has halted 70 percent of economic activity, investment, exports and consumption of products other than essential commodities. Only agriculture, mining, utility services, some financial and IT services and public services have been allowed to work.
In this context, the Central Institutional Research has said that this epidemic came at a time when the Indian economy was showing signs of revival after bold fiscal and monetary measures. The organization said, "The nationwide bandh is expected to cause a loss of seven to eight lakh crore rupees to the economy."
Earlier, Acute Ratings and Research Limited had estimated that the Indian economy is losing more than $ 4.64 billion, or more than Rs 35,000 crore per day, during the 21-day shutdown. In this way, the gross domestic product (GDP) will suffer a loss of $ 98 billion, or about 7.5 lakh crore rupees.
They may lose one lakh crore rupees
All India Motor Transport Congress (AIMTC) General Secretary Naveen Gupta said that on the basis of loss of Rs 2,200 per day of a truck, the loss of the first 15 days in the truck transport services business has reached about Rs 35,200 crore. He said that more than 90 per cent of the 10 million trucks in the country are missing from the roads. Only essential commodities are being transported from one place to another.
Gupta had said, "Even if the lockout is lifted, it will take at least two to three months for the trucks to come back to normal functioning." AIMTC represents 93 lakh transporters and truck drivers, At the same time, according to the National Real Estate Development Council (NREDC), an organization of realty companies, has estimated a loss of one lakh crore rupees in the area. NREDC President Niranjan Hiranandani told, "According to me, there could be a loss of one lakh crore rupees at the all India level."
Loss of two lakh crore rupees to this business
At the same time, merchant organization CAT estimates that in the second fortnight of March, the nationwide bandh for corona virus epidemic and its prevention has caused a huge loss of $ 30 billion in retail business. There are 70 million small, medium and large businesses in the country's retail sector. Meanwhile, several international agencies have lowered the country's economic growth forecast for 2020-21.
US Capital-like violence in Brazil: If President Bolsonaro loses, supporters attack police headquarters, burn vehicles
Clashes broke out between police and supporters of current President Jair Bolsonaro in Brazil, Latin America's largest country. Supporters barged into the police headquarters. Here supporters of
MEA on Afghanistan: Hamid Ansari's statement, foreign ministry's statement on aid to Afghanistan and Ukraine crisis, know what it said?
Hamid Ansari Democracy remark: There was a press conference on many issues from the Ministry of External Affairs. In this, the spokesperson of the ministry, Arindam Bagchi, responded to the statement
'Battery storage' will be produced in the country itself, electric vehicles will run and no fuel will be needed: Javadekar
Union Minister Prakash Javdekar (Union Minister Prakash Javdekar) at a press conference on Wednesday gave detailed information about the important decision taken in the cabinet meeting chaired by
Kanpur Violence: New twist in Kanpur violence, Pakistan connection surfaced, shocking disclosure from mobile numbers taken on surveillance
The connection of the ruckus on the new road in Kanpur is connecting with the masters sitting in Pakistan. During the ruckus, calls were going on continuously in Pakistan from a phone number. That
Weather Update: Air pollution is not stopping in Delhi, double attack of rain and snowfall on the mountains; Know in which states there is an alert
While many states across the country are facing the brunt of air pollution, many states in South India are receiving continuous moderate to heavy rains. The Meteorological Department has predicted
Russia Ukraine War Update live: Zelensky said - the next 24 hours very special, after strict sanctions, the Russian currency ruble against the dollar has a historic decline
Amidst the ongoing tension and war with Russia, Ukrainian President Volodymyr Zelensky has spoken to British Prime Minister Boris Johnson as well as to Polish President Andrzej Duda regarding Russia's
There will be four modules in the Co-WIN App, this is how you can register for a vaccine
A dry run of the Coronavirus vaccine has been started in the country. At the same time, the Union Health Ministry has created an app to monitor the Covid-19 vaccine and register for the vaccine.
Russia-Ukraine War: The people of Russia-Ukraine will not get peace even in the middle of Christmas, Russia said- this war will continue
The Russia-Ukraine war is not going to stop even amid Christmas. Russia told that the war will continue even amid Christmas. Earlier, Ukraine's President Vladimir Zelensky had said that Russia should
Israel-Hamas War: Summit of Arab leaders with Biden canceled, tension increases after attack on Gaza hospital
Tension in the Middle East may increase further after an attack on a hospital in Gaza amid the Israel-Hamas war. The attack has derailed US diplomatic efforts to garner support for Israel's right to
Arvind Kejriwal: 'CM Arvind Kejriwal is deliberately taking a low-calorie diet in jail', LG office wrote a letter; said this
The Principal Secretary of Lieutenant Governor VK Saxena has written a letter to the Chief Secretary of Delhi. In which the health of Chief Minister Arvind Kejriwal has been mentioned. In which it has
