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In January 2020 itself, well before India's lockdown or reactions to the pandemic, the International Monetary Fund reduced India's GDP estimates for 2019 and also reduced the 2020 GDP forecast. [190] The 2016 Indian banknote demonetisation and goods and services tax enactment in 2017 led to severe back to back disruptions in the economy. [190]
As such, many were left without food and money due to the lockdown. [23] A survey published by ‘The Hindu’ states that 96% migrant workers did not get rations from the government, and 90% of them did not receive wages during the lockdown. [24]
Empty roads during the lockdown in Vadodara, Gujarat. On 22 March, the Government of India announced complete lockdown in 82 districts in 22 states and the Union Territories of the country where confirmed cases were reported. [33] 80 cities including Delhi, Bengaluru, Chennai, Mumbai, [34] Chandigarh [35] and Kolkata were put under lockdown. [36]
Following the lockdown, India's electricity demand fell down to a five-month low on 28 March 2020. [89] Many states were keen on opening up liquor shops during the lockdown which was finally allowed in the 3rd phase beginning on 4 May.
The lockdown in India has left tens of millions of migrant workers unemployed. [234] [235] The survey from the Angus Reid Institute found that 44% of Canadian households have experienced some type of job loss. [236] [237] Nearly 900,000 workers lost their jobs in Spain since it went into lockdown in mid-March 2020. [238]
Because Tata won its bid on the promise to sell energy at a certain price, it now loses money on every kilowatt it generates at the plant. In 2013, at the company’s request, a federal agency approved a 23 percent rate hike. The increase was blocked last year, at least temporarily, by India’s Supreme Court.
On 22 March, after the central government's decision, complete lockdown of Delhi from 6 am of 23 March to at least 31 March was declared. Essential services and commodities to continue. [32] On 28 March, Delhi government had set up over 500 hunger relief camps providing free food for people who have been left stranded due to the nationwide ...
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