COVID-19: Economy to take nearly 1% hit over travel ban

Deccan Herald
The COVID-19 outbreak could impact India’s overall economy up to 90 basis points or 0.9% (close to 1%) through trade, hotels and transport channels in between 2019-20 and 2020-21, a State Bank of India research has cautioned.

India could lose an estimated three million tourist footfalls in the calendar year 2020 and foreign exchange of about $7 billion in related revenues due to travel…