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Tags : "coronavirus economy"

Covid-19 to shave Rs 40k cr daily off economy; Q4

Mumbai: If the 21-day lengthy nationwide lockdown leads to 80 per cent manufacturing loss, the financial system will take a success of Rs 35,000-40,000 crore on a daily foundation, shaving off Rs 6.3-7.2 lakh crore cumulatively, says Care Ratings. The evaluation relies on the FY20 actual GDP that’s Rs 140-150 lakh crore. Assuming 300 working […]Read More