Covid's economic toll on Maharashtra

Topics Coronavirus | Maharashtra | Lockdown

As the Covid-19 pandemic inflicts enormous costs on countries globally, efforts are being made to compute the loss to the economy so as to devise countervailing measures to mitigate its ill-effects.  Kapur and Subramanian1  (K&S henceforth), estimated that an extended lockdown in India would imply that about a month’s gross domestic product (GDP) would be lost and that government expenditures to the extent of 5 per cent of GDP would be required to make good this loss. CRISIL has estimated that India’s real GDP growth rate will collapse to 1.8 per cent, which is quit.....

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