Lockdowns to cost Rs 1.5 lakh crore in COVID wave II

India is projected to take a Rs 1.5 lakh crore hit in business activity due to the ongoing lockdowns amid the second wave of COVID-19. Of that, three states Maharashtra, Madhya Pradesh, and Rajasthan account for 80% of the impact. Maharashtra-India's most industrialised state-alone constitutes 54% of the losses