Lockdown crunch: Kerala to post Rs 80K crore in losses, CM

Thiruvananthapuram:  Lockdown has a serious impact on kerala’s economy, said Chief Minister Pinarayi Vijayan.

The first quarter of 2020-21 financial year will see a crunch to the tune of 80,000 crore in the state’s economy.

The loss could spike if the situation remained unchanged.

The state’s 83.30 lakh self-employed and casual workers posted 14000 crore in wage loss.

Hotel sector faced a loss of 6000 crore and restaurants sector was battered by the tune of 14000 crore.

The situation has been intimated to PM in the video conference and earlier as well.

Job loss has been reported in fishing and IT sectors.

Lack of income has severely affected small scale merchants; to a large number of them it is their livelihood.

Given this, special attention should be given to them by including them in a package based on the national disaster relief fund.