The sporadic lockdowns / mobility curbs and night curfews put in place across key economic hubs in India in the past few days are likely to cost the nation $1.25 billion per week, says the latest report dated April 12 from Barclays. This increase, Barclays said, reflects modest tightening of activity curbs, and the widening geographical spread of the second Covid wave. “Taking into account rolling COVID curbs, if the current restrictions remain in place until the end of May, we estimate that the cumulative loss of activity could amount to around $10.5 billion, or around 0.34 percentage point (pp) of annual nominal gross domestic product (GDP). However, the impact on the Q1-FY22 nominal GDP is likely to be higher, shaving around 1.4 pp from Q1-FY22 nominal GDP,” wrote Rahul Bajoria, chief India economist at Barclays in the report coauthored with Shreya Sodhani.