New Delhi: The Karona epidemic will seriously affect the country’s economy, including Odisha. The livelihoods of people have been severely affected by the implementation and removal of lockdowns without any specific plans. As a result, the country’s economy will suffer huge losses. According to the SBI, the per capita income of Odisha will be reduced by Rs 16,65 crore in the financial year 2020-21 under the influence of Karona. The country’s economy is projected to shrink by 18.5 percent this year. According to the SBI EcoRap report released today, the Odisha economy will suffer a loss of Rs 4,306 crore due to the effects of the Karona epidemic. The state’s gross domestic product (GSDP) will fall by 11.6 percent.
Odisha ranks 14th in the list of states to suffer. The maximum damage is estimated to be from Maharashtra, the report said. The list of states most affected by Odisha includes Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat, Karnataka, Andhra Pradesh, Telangana, West Bengal, Rajasthan, Delhi, Kerala, Haryana, Madhya Pradesh, Punjab and Bihar. Jharkhand, Chhattisgarh, Uttarakhand, Assam, Jammu and Kashmir, Himachal Pradesh and Goa will suffer less than Odisha. Under the Kerona effect, per capita income will be reduced by Rs 27,000 at the national level. However, per capita income in states like Tamil Nadu, Gujarat, Telangana, Delhi, Haryana and Goa will be reduced by more than Rs 40,000. The economies of all the states will suffer a total loss of Rs 3.6 trillion. Maharashtra alone will suffer a loss of Rs 5.38 lakh crore, according to the SBI report. According to the report, the per capita expenditure in urban areas is 1.9 times higher than in rural areas.