లాక్ డౌన్ లతో 12 లక్షల కోట్ల నష్టం SBI పరిశోధన వెల్లడి||Lock down to cost 12lakh crore: SBI
India’s economic loss due to the ongoing lockdown is estimated at Rs 12.1 lakh crore, according to SBI Research.
It translates to 6 per cent of nominal Gross Value Added (GVA), taking the nominal GVA growth for the entire year to be 4.2 per cent.
Real and nominal Gross Domestic Products (GDP) for FY21 are projected at 1.1 and 4.2 per cent respectively due to the strong possibility of subsidies outstripping tax collections.
“A 4 per cent slippage in nominal GDP that we are factoring in is tantamount to Rs 8 lakh crore of fiscal support (Rs 2 lakh crore = 1 per cent of GDP) and this should be the recommended benchmark,” said Dr Soumya Kanti Ghosh, group chief economic adviser, SBI.
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లాక్ డౌన్ లతో 12 లక్షల కోట్ల నష్టం SBI పరిశోధన వెల్లడి||Lock down to cost 12lakh crore: SBI India’s economic loss due to the ongoing lockdown is estimated at Rs 12.1 lakh crore, according to SBI Research. It translates to 6 per cent of nominal Gross Value Added (GVA), taking the nominal GVA growth for the entire year to be 4.2 per cent. Real and nominal Gross Domestic Products (GDP) for FY21 are projected at 1.1 and 4.2 per cent respectively due to the strong possibility of subsidies outstripping tax collections. “A 4 per cent slippage in nominal GDP that we are factoring in is tantamount to Rs 8 lakh crore of fiscal support (Rs 2 lakh crore = 1 per cent of GDP) and this should be the recommended benchmark,” said Dr Soumya Kanti Ghosh, group chief economic adviser, SBI.