Coronavirus impact: GDP likely to fall to a three-decade low, say analysts

Total loss in output is estimated to be around Rs 6 trillion based on estimated GDP at current prices for FY20

With the nation under a lockdown because of the coronavirus disease (COVID-19) outbreak, analysts suggest that the impact on various Indian industries could cost the economy around 3 per cent of GDP.
 

There has been around 40 per cent decline in economic activity after the lockdown, as only essential manufacturing (food & pharma) and services (grocery trade, health & public services) are functioning.
 

This, analysts say, could shave-off 1.5 per cent from India’s projected economic growth in financial year 2020-21 (FY21).

India’s GDP growth at constant prices is now likely to be at a three-decade low of 3.5 per