Maharashtra lockdown to have Rs 40,000 crore hit, dent national economic growth: Care Ratings

Maharashtra's "radical" lockdown move will have an economic impact of Rs 40,000 crore, with the trade, hotels and transport sector to bear the biggest dent, Care Ratings said on Monday. The rating agency said the loss of economic activity will have a 0.32 per cent impact on GVA growth at the national level. It revised down its national GDP growth estimate to 10.7 - 10.9% from the 11 - 11.2% given a week ago.