Countrywide rating agency Crisil said the lockdown extension in the country could have a serious impact on the states of Andhra Pradesh, Rajasthan, and Uttar Pradesh. In its report, the state of Andhra Pradesh, Tamil Nadu, West Bengal, and Telangana accounted for 65.5 percent of the country’s total production and 60 percent of the construction sector. Yesterday they released Crisil report on states.
Corona estimates that more than 60 percent of GDP comes from the 8 states that are most affected by the pandemic. Also, due to increased debt, petroleum, alcohol sales, and reliance on stamp duty, the states are likely to be in trouble.
The sanctions have been extended as corona cases have grown in the state, which is making the economy more difficult as per the Crisil report On states.
