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Experts say lockdown will amount to a loss of Rs 9 lakh crore


Content Team

After Prime Minister Narendra Modi yesterday declared a 21 day lockdown to break the chain of coronavirus spread, analysts on Wednesday sharply cut their growth estimates, pegging the cost of the Covid-19 lockdown at $120 billion (approximately Rs 9 lakh crore) or 4 per cent of the GDP. RBI is scheduled to announce its first bi-monthly policy review on April 3 and is set to deliver deep rate cuts.