When Ever Lockdown Will End India GDP Will Be Goes Down 0.8 Is It True?
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Yestrday I was watching a video by Sonu Sharma according to his infomation India GDP will goes down at 0.8 it will become most Economic crisis in india.
Is it correct?
https://youtu.be/3vAfmS2Bni0
1 Answer
Though it may not be true, there are possibilities that India’s GDP might drop to 0.8. As per Sonu Sharma’s video, the five sectors are likely to get affected post lockdown. They are:
- The Micro Small & Medium Enterprises (MSME) sector, which has been contributing 30% to the economy would get badly affected.
- The Tourism & Hospitality Sector
- The Aviation sector, the worst affected industry after lockdown as the sector may lose over Rs. 4 to 5 lakh crores with 4 to 5 crore job cuts.
- Automobile Industry
- Real Estate
The tourism sector was the first industry to shut and would be the last one to resume. The automobile and real estate industry will also suffer as unemployment will increase. Eventually, all the remaining sectors would face the economic crisis, which can dip the GDP.
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