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COVID- 19 and Economic Loss of First Phase of (21- Day) Lockdown in India

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Title: COVID- 19 and Economic Loss of First Phase of (21- Day) Lockdown in India
Authors: Tiken Das, Diganta Das
Source: Space and Culture, India, Vol 8, Iss 1 (2020)
Publisher Information: ACCB Publishing, 2020.
Publication Year: 2020
Collection: LCC:Ethnology. Social and cultural anthropology
Subject Terms: COVID- 19, Lockdown, Economic Loss, Net State Value Added, Economic Activity, Manufacturing Sector, Ethnology. Social and cultural anthropology, GN301-674
More Details: To curb Covid-19 spread, Prime Minister Narendra Modi has announced a 21-day nationwide lockdown on 23 March 2020. The present study makes an attempt to estimate the state-wise and economic activity-wise economic loss of 21- day lockdown in India. The data on Net State Value Added (NSVA) by economic activity was collected for five years from the Reserve Bank of India. It was found that the percentage of the daily loss of Net State Value Added (NSVA) was considerably higher for the states of Chandigarh, Delhi and Karnataka. The manufacturing sector was expected to be the highest loser, followed by real estate, ownership of dwelling and professional services. In absolute terms, the loss was prominent in Maharashtra, Tamil Nadu and Karnataka. It is worth mentioning here that what could be the magnitude of the impact of a complete social and economic shutdown may not be easy to estimate, but it is likely to be far more severe.
Document Type: article
File Description: electronic resource
Language: English
ISSN: 2052-8396
Relation: http://www.spaceandculture.in/index.php/spaceandculture/article/view/844; https://doaj.org/toc/2052-8396
DOI: 10.20896/saci.v8i1.844
Access URL: https://doaj.org/article/99dd7f2c38be4390a0838764f9ea9765
Accession Number: edsdoj.99dd7f2c38be4390a0838764f9ea9765
Database: Directory of Open Access Journals
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  Data: COVID- 19 and Economic Loss of First Phase of (21- Day) Lockdown in India
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  Data: Space and Culture, India, Vol 8, Iss 1 (2020)
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  Data: LCC:Ethnology. Social and cultural anthropology
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  Data: <searchLink fieldCode="DE" term="%22COVID-+19%22">COVID- 19</searchLink><br /><searchLink fieldCode="DE" term="%22Lockdown%22">Lockdown</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+Loss%22">Economic Loss</searchLink><br /><searchLink fieldCode="DE" term="%22Net+State+Value+Added%22">Net State Value Added</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+Activity%22">Economic Activity</searchLink><br /><searchLink fieldCode="DE" term="%22Manufacturing+Sector%22">Manufacturing Sector</searchLink><br /><searchLink fieldCode="DE" term="%22Ethnology%2E+Social+and+cultural+anthropology%22">Ethnology. Social and cultural anthropology</searchLink><br /><searchLink fieldCode="DE" term="%22GN301-674%22">GN301-674</searchLink>
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  Data: To curb Covid-19 spread, Prime Minister Narendra Modi has announced a 21-day nationwide lockdown on 23 March 2020. The present study makes an attempt to estimate the state-wise and economic activity-wise economic loss of 21- day lockdown in India. The data on Net State Value Added (NSVA) by economic activity was collected for five years from the Reserve Bank of India. It was found that the percentage of the daily loss of Net State Value Added (NSVA) was considerably higher for the states of Chandigarh, Delhi and Karnataka. The manufacturing sector was expected to be the highest loser, followed by real estate, ownership of dwelling and professional services. In absolute terms, the loss was prominent in Maharashtra, Tamil Nadu and Karnataka. It is worth mentioning here that what could be the magnitude of the impact of a complete social and economic shutdown may not be easy to estimate, but it is likely to be far more severe.
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      – Text: English
    Subjects:
      – SubjectFull: COVID- 19
        Type: general
      – SubjectFull: Lockdown
        Type: general
      – SubjectFull: Economic Loss
        Type: general
      – SubjectFull: Net State Value Added
        Type: general
      – SubjectFull: Economic Activity
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      – SubjectFull: Manufacturing Sector
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      – SubjectFull: GN301-674
        Type: general
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      – TitleFull: COVID- 19 and Economic Loss of First Phase of (21- Day) Lockdown in India
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