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Stock impact report

India extends lockdown until May 3, cases cross 10,000 [Reuters]

Barclays PLC (BCS) 
Company Research Source: Reuters
India extends world's biggest lockdown as coronavirus cases cross 10,000 NEW DELHI (Reuters) - India extended a lockdown for its 1.3 billion people until at least May 3 on Tuesday as Prime Minister Narendra Modi warned of economic sacrifices to save lives as the number of coronavirus cases crossed 10,000. Sharp downward revisions to economic growth forecasts in the wake of the pandemic point towards sickening levels of unemployment, but Modi urged Indians to maintain the discipline shown in the first three weeks of the lockdown. “That means until May 3, each and every one of us will have to remain in the lockdown,” Modi said in a televised address to the nation. “From an economic only point of view, it undoubtedly looks costly right now; but measured against the lives of Indian citizens, there is no comparison itself.” India’s neighbour, Pakistan, with a population of 205 million, extended its lockdown, due to end on Wednesday, by two weeks. Nepal extended the lockdown of its 30 milli Show less Read more
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