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.
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.
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