Inflation: Higher inflation a transitory hump, to help RBI remain dovish in August review: Report
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Higher inflation a transitory hump, to help RBI remain dovish in August review: Report
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A month-long national lockdown can shave off 1-2% of GDP, claims report
According to a report by Bank of America Securities India, a month-long national lockdown to stem the spread of COVID 2.0 could scrape off 100-200 bps (basis points) of the GDP resulting in a 300-bps risk to annual growth
BusinessToday.In | April 27, 2021 | Updated 13:13 IST
Given the high economic cost, the brokerage expects the Centre and the states to try to contain the spread with further tightening of night curfews and localised lockdowns
A month-long national lockdown to stem the spread of COVID 2.0 could scrape off 100-200 bps (basis points) of the GDP (Gross Domestic Product), resulting in a 300-bps risk to annual growth, according to a report by Bank of America Securities India, which also expressed reservations over the ability of local lockdown to control the coronavirus pandemic.
Updated:
April 26, 2021 19:31 IST
“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said
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They also expect the Reserve Bank to come to aid by funding government’s welfare measures like resumption of free food grains to the needy in May-June.
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AFP
“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said A month-long national lockdown to arrest the spread of COVID 2.0 could shave off 100-200 bps of GDP, leading to a 300 bps risk to annual growth, a brokerage report has flagged while expressing doubts over the ability of local lockdowns to control the pandemic.