Covid-19 to shave Rs 40k cr day after day off economy; Q4 pronounce considered at 1.5-2.5%: Care Rankings

Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of Rs 35,000-40,000 crore on a daily basis, shaving off Rs 6.3-7.2 lakh crore cumulatively, says Care Ratings. The assessment is based on the FY20 real GDP that is Rs 140-150 lakh crore. Assuming 300…

View More Covid-19 to shave Rs 40k cr day after day off economy; Q4 pronounce considered at 1.5-2.5%: Care Rankings