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Lockdown syndrome: On virus-induced economic crisis

Byindianadmin

May 15, 2020 #crisis, #economic
Lockdown syndrome: On virus-induced economic crisis

Official information capturing the financial effect of the nationwide lockdown are starting to pour in slowly. The sharp fall can mostly be described by the across the country lockdown that was enforced by the Centre in the last week of the month. The production sector, which saw a contraction of about 20%, was the worst hit among the essential sectors, perhaps due to disturbances in the labour market caused by the lockdown.

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