Coronavirus to shave off ₹40k cr everyday from Indian economy: CARE Ratings3 min read 25 Mar 2020, 11:15 PM IST
Q4 growth may not be negative but can go down to 1.5-2.5%. The economy was slated to grow by ₹1.74 lakh crore in Q4 or by 4.7%
Mumbai: If the 21-day long national lockdown leads to 80 per cent production loss, the economy will take a hit of ₹35,000-40,000 crore on a daily basis, shaving off ₹6.3-7.2 lakh crore cumulatively, says Care Ratings.
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