NCR, Mumbai stare at up to $1.7bn per week loss due to shutdown: Barclays

For NCR, Barclays has included Delhi and satellite towns of Noida, Gurugram and Ghaziabad

The National Capital Region (NCR) and Mumbai – the two ‘megacities’ – according to a recent Barclay’s research, will be the two most impacted in India due to the 21-day lockdown, followed by Bengaluru, Hyderabad and Pune.

The report co-authored by Rahul Bajoria, chief economist at Barclays has studied the Asia – Pacific (Asia-Pac) regions currently under lockdown and pegs the economic loss impact in these regions between $1 billion to $1.7 billion per week.

“We find that the absolute economic loss is likely be the largest from the shutdown of Kuala Lumpur, Manila, Delhi (NCR) and Mumbai, ranging from