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GSDP estimated to contract 5.6% in Delhi due to Covid impact: Lt Governor

The Delhi economy is estimated to suffer a contraction of 5.6 per cent in the gross state domestic product in the current financial year due to the impact of the pandemic, Lt Governor Anil Baijal said

With default rates across India soaring on the mainly ­unsecured loans, the virus is undoing the business models of dozens of MFIs as funds dry up

Indian economy

Press Trust of India New Delhi

The Delhi economy is estimated to suffer a contraction of 5.6 per cent in the gross state domestic product (GSDP) in the current financial year due to the impact of the coronavirus pandemic, Lt Governor Anil Baijal said on Monday.

Last year was unprecedented as the coronavirus pandemic posed the biggest challenge to the people. The Delhi government faced this challenge in collaboration with the Centre, Baijal said in his address in the Assembly on the first day of the budget session.

The government has undertaken various steps to handle the crisis and job losses due to the pandemic, Baijal said.

 

He outlined the measures taken by the Delhi government in dealing with the pandemic, such as raising number of hospital beds, setting up of plasma bank and home isolation.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 08 2021 | 12:15 PM IST

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