Heya people! Here's my question.
How's COVID affecting Indian economy?
(In 200-300 words)
Answers
Answered by
41
Explanation:
The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".
According to Nomura India Business Resumption Index economic activity fell from 82.9 on 22 March to 44.7 on 26 April.
Answered by
2
Answer:
HEY MATE HERE IS YOUR ANSWER !!!
Explanation:
ANSWER !!!
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.
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