Science, asked by sfcsmanyakaushal, 6 months ago

economical impact on covid 19

Answers

Answered by rajanak600731

Explanation:

The Indian economy was expected to lose over ₹32,000 crore (US$4.5 billion) every day during the first 21-days of complete lockdown, which was declared following the coronavirus outbreak. Under complete lockdown, less than a quarter of India's $2.8 trillion economic movement was functional.

Cause: COVID-19 pandemic-induced market instability and lockdown

Outcome: Largest GDP contraction ever in Q1 (April–June) FY2020–2021 at -24%

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