News > ‘School closure may cost over US$ 400 billion to India’
‘School closure may cost over US$ 400 billion to India’
Navhindtimes | 13/10/2020 09:09 AM | Click to read full article
The prolonged closure of schools due to the COVID-19 pandemic in India may cause a loss of over US$ 400 billion in the country’s future earnings, besides substantial learning losses, according to a World Bank report.
The report titled “Beaten or Broken? Informality and COVID-19 in South Asia” claims that South Asia is set to plunge into its worst-ever recession in 2020 as the devastating impacts of COVID-19 on the region’s economies linger.