The enhanced lockdown-like restrictions in Maharashtra could impact the states economy by up to 1.5% if these curbs continued for about a month, observers said.
The observers, however, said the overall impact would be softer than last years economic impacts following a total lockdown.
Estimates from the Mahratta Chamber of Commerce, Industry and Agriculture-notes-for-state-psc-exams”>Agriculture (MCCIA) revealed that the Pune region, the states main manufacturing base and information technology hub, was losing around Rs5,600 crore in the gross value addition (GVA) value of goods and Services, minus input costs per week in the enhanced restrictions and lockdown-like period. For the state, a two-week period of restrictions entails about a 0.5% impact on the Gross State Domestic Product (GSDP). More restrictions, such as a lockdown, or a lengthening of the period of restrictions to the middle of May, can increase that impact by up to 1.5%.