World's biggest 21-day lockdown likely to cost Rs 7-8 lakh crore to the Indian economy
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PM Modi had declared a nationwide 21-day lockdown to curb the spread of coronavirus, which brought about 70% of economic activity, investments, exports to a standstill. According to analysts and industry bodies, the world's biggest lockdown might cost the Indian economy Rs 7-8 lakh crore during the 21-day lockdown. The sectors that are severely affected are transport, hotel, restaurant and real estate activities.