Categories: Business

lockdown extension increase in covid 19 case to impact growth says D&B

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corona crisis

new Delhi. The growth rate will be severely affected due to prolonged period of lockdown and rapid increase in cases of Kovid-19 infection. Dun & Bradstreet (D&B) reported this on Friday. The report said that due to supply chain constraints, the prices of food items will remain at the upper level. Dun & Bradstreet's ongoing projections about the economy have said that sluggish demand, migration of migrant laborers have created challenges for companies, especially micro, small and medium enterprises (MSMEs).

Arun Singh, chief economist at Dun & Bradstreet India, said, "Our analysis shows that prolonged lockdowns and increasing infection cases are not normalizing the supply chain." Nationwide for the prevention of corona virus The lockdown was imposed from 25 March. Sanctions have been relaxed since May. Singh said that increasing expenditure on health will also have an impact on growth.

The report said that the supply chain would still be disrupted due to increasing cases of Kovid-19. This will increase the pressure on inflation. The report says that the government's rise in prices of petrol and diesel along with the rise in crude oil prices globally is ending the effect of lower fuel prices on inflation. Dun & Bradstreet estimates wholesale inflation based on wholesale price index to be below zero to 3.1 percent in June.

This post was published on June 26, 2020 7:54 pm

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