Experts peg India's cost of Covid-19 lockdown at USD 120 bn

Barclays specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier. They also said that the RBI is most likely to go for a 0.65 per cent rate cut in the April review and will slash interest rates further by 1 per cent during the course of the year.

from Economy-News-Economic Times https://ift.tt/2Jc2AQv