The Indian economy is estimated to lose over Rs 32,000 crore every day during the 21-day lockdown following the coronavirus outbreak in India.

Barclays and Acuite Ratings & Research Ltd estimated that the entire 21-day lockdown will cost the Indian economy over Rs 35,000 crore per day.

Barclays and Acuite Ratings & Research Ltd estimated that the entire 21-day lockdown will cost the Indian economy over Rs 35,000 crore per day.The economy will take a hit of Rs 35,000-40,000 crore (USD 4.64 billion)every day of the lockdown and almost around USD 100-120 billion during the 21 days as per reports published on 25 March 2020

Acuite Ratings & Research Ltd estimated that during 21-day lockdown the Indian economy is estimated to lose over Rs 35,000 crore every day. Assuming 300 working days in a year, the daily output comes to Rs 45-50,000 crore which can potentially be lost due to the shutdowns.

However, brokerage Barclays has also said that an extended lockdown will cause further $234.4 billion of Indian economic loss.

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.