Corona will suffer $ 4 million loss to the world: ADB

- According to the ADB, India's GDP may decline by four percent in FY 6, but it will increase by 5 percent in 5 years.

Asia-Pacific growth rate may decline to 8.5% due to health emergency at present

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The Asian Development Bank (ADB) said in a report on its own that the world will suffer a loss of $ 400 million due to the corona epidemic. The bank says the global economy, which is causing lockdowns in most countries, including the United States and Europe, is estimated to cost $ 4 billion because of the Corona virus.

ADBA has stated that the loss does not include long-term damage to health and education. ADB for India has stated that India's economic growth could be drastically reduced amid a health emergency created by the Corona virus epidemic worldwide.

According to the ADB, India's GDP is expected to fall to four per cent in Fiscal Year 1. India's GDP has been steadily declining due to last year's recession.

ADB Chairman Masatsugu Asakawa has said that there are times when challenging times are faced. Corona has affected many people around the world. Industry and economic activities have stalled.

The Bank has stated in its Asian Development Outlook (ADO) 1 that GDP growth in India will grow at 8.5 percent in the next financial year. The GDP will be down to four percent in Fiscal Year.

According to the ADO's report, South Asia's growth rate will drop to 8.5 percent in the 5th and then in the 5th it will increase to 5%.

Asia and the Pacific growth rate may decline to 8.9 percent due to the current Healthcare Emergency after a disappointing showing in 3. After that, it could see a jump of 8.5% in 2. The report says Asia's growth rate could be drastically reduced due to the epidemic.

ADB chief economist Yasuyuki Swada said in a statement that the recession caused by cars will not go away quickly.