India's extended coronavirus lockdown may cause $234.4 billion economic loss: Barclays
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PM Modi has extended the lockdown till 3 May. Barclays, a British brokerage, said that the extended lockdown due to coronavirus will lead to an economic loss of USD 234.4 billion and result in stagnant GDP for the year 2020 i.e. there will be zero economic growth for the year 2020. It said the economic impact looks set to be worse than expected earlier as India is heading towards a longer period of complete shutdown.