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Project on lockdown and it's effects on economy |
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Answer» tion:With fresh coronavirus cases on the rise in India, the nation has started witnessing second-round effects of the virus spread: a complete halt to economic activity.The government, ANALYSTS said, must consider more measures to TACKLE the situation, if third round of effects – job losses, stretched balance sheets, lower capex and weak consumer demand – are to be tamed.The FIRST two rounds of coronavirus outbreak have already WIPED off Rs 52 lakh crore worth of equity investor wealth, with benchmarks Sensex and Nifty languishing at multi-year LOWS after falling 35 per cent from their January peaks.January was the month when the virus was spreading in China at a rapid pace. It brought about the first round of impact on India, where companies saw supply-side disruptions, owning to their over-dependence on Chinese imports. |
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