New Delhi: The economy has been hit hard by the lockdown to prevent corona infection. According to the study, eight states like Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu are most affected by Kovid-1, which accounts for more than 60 per cent of the country’s gross domestic product (GDP).
According to Crisil there are 8 states that provide about 58 per cent jobs. During the fourth phase period from March 24, 2020 to May 18, the states are allowed to fix restrictions and concessions.
Various states, including Maharashtra and Gujarat, have continued to impose restrictions on lockdowns with some concessions. Various rating agencies have forecast a 5 per cent decline in GDP as 40 lakh foreign workers from both Gujarat and Maharashtra have migrated due to the ongoing lockouts. What more does this suggest? The secrets behind what it is.
In the study of industrial production, the top eight states have been determined based on the most affected districts on May 17 after the completion of Lockdown 3.0.
States like Maharashtra, Tamil Nadu and Gujarat are economically viable and strong due to industrial production. In such a situation, they are suffering huge losses due to lockdown. At the same time, Andhra Pradesh, Rajasthan and Uttar Pradesh are more vulnerable. Their economic dependence is mainly on taxes on petroleum products, alcohol and stamp duty. Which is closed these days.
Agricultural states like Andhra Pradesh, Rajasthan, UP, West Bengal, Madhya Pradesh, Punjab and Bihar can support the country’s economy this time. The climate of these agrarian states is good. The monsoon is expected to be normal this time.
In Karnataka and Kerala, which are relatively less affected by corona, sanctions will reduce industrial production.
The eight most affected states
State – patient
Maharashtra – 35058
Gujarat – 11745
Tamil Nadu – 11740
Delhi – 10054
Rajasthan – 5507
Madhya Pradesh – 5236
Uttar Pradesh – 4605
West Bengal – 2825