On March 24, India entered the ‘total lockdown’ stage. What does this mean for the economy?

A nationwide lockdown has been imposed in an attempt to slow the spread of the Coronavirus pandemic. What impact will this have on different sectors that are already suffering massive losses?

Swati Subhedar
| Updated: Last updated on March 26th, 2020,

India’s 1.3 billion people have joined the global lockdown triggered by the Coronavirus outbreak as the World Health Organization (WHO) expressed concern at the acceleration of the pandemic in the United States and Italy recorded another large increase in deaths from COVID-19.

Addressing the nation, Prime Minister Narendra Modi, on March 24, imposed the nation-wide lockdown for 21 days. He also said that the Centre has allocated Rs 15,000 crore for fighting Coronavirus. Many sectors have been severely affected because businesses have taken a massive hit after the virus started spreading its tentacles in the country. What does the lockdown mean for the country financially? A visual story.