Second Stimulus - Economic impact of second wave and the lockdowns in India. Barclays says India is losing Rs 60k cr. every week in May & total loss will be Rs 8.5 trillion or 3.75% of GDP. Unemployment levels into double digits, at 14.73%. Fiscal stimulus required at any cost

3:04am PDT - May 29th, 2021

Economic impact of second wave and the lockdowns in India. Barclays says India is losing Rs 60k cr. every week in May & total loss will be Rs 8.5 trillion or 3.75% of GDP. Unemployment levels into double digits, at 14.73%. Fiscal stimulus required at any cost

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