Lockdowns to wipe $1.25 billion off Indian economy; 140 bps from Q1 GDP in a week: Barclays
Lockdowns to wipe $1.25 billion off Indian economy; 140 bps from Q1 GDP in a week: Barclays On a quarterly basis, the impact will be much higher -- a 140 bps loss of nominal GDP in the first quarter, Barclays said in the report PTI | April 14, 2021 | Updated 12:42 IST Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key economic hubs can cost the economy an average of $1.25 billion each week and may shave off 140 bps from the Q1 nominal GDP. If the current restrictions remain in place until May-end, the cumulativ...