Rs 38 Lakh Crore Economic Loss, Per Capita Income Contracts By 20% During Lockdown: SBI

by Rahul Gautam Aug 19, 2020 • 06:44 PM Views 853

In its latest report, SBI has estimated that the economy of the country could suffer a loss of Rs 38 lakh crore in the current financial year, which is 16.9% of India’s GDP. Due to this loss, the per capita income of the country is estimated to be cut by about Rs 27,000. The national average of per capita income in the country is 1.21 lakh but due to Coronavirus and lockdown, it is expected to decrease by 20%