In Second Wave, Odisha GDP Loss Put At Rs 14.5k Cr, Households in Greater Stress: SBI
Bhubaneswar, June 11 -- With the virus on the rampage, the lethal heights of the second wave will be having a dwarfing impact on Odisha's GSDP (Gross State Domestic Product). The lockdown impact on the GSDP will be bigger this time. The worse home truth is, unlike the first wave, the second wave has a disastrous impact on people's income, finds aSBI study.
The Macro Impact
As per theSBI report, since the Odisha government has imposed a lockdown to control the raging pandemic, with the daily counts crossing the 10k mark in May first week, the State's GSDP will be bearing a whopping loss to the tune of Rs 14,449 crore. In percentage terms, the State will record a GSDP contraction of over 2.5 per cent at current prices.
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