socioeconomic impact of lockdown in the
Answers
Answer:
The economic impact
The Small and Medium Enterprises market ratings project that the nationwide lockdown is expected to incur losses of over $4.5 billion (₹ 35,000 crores) every day during the lockdown.
Explanation:
The socioeconomic 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".