As lockdown bites, transporters brace for revenue loss of $2.4 billion

The fresh wave of Covid-19 cases sweeping the country and the resultant lockdown measures implemented by several states have already started hurting transporters. The trade is estimated to suffer $2.4 billion (₹17,800 crore) of revenue loss in April alone, according to leading transporters. This could also affect GDP growth, which is projected at 10.5% by the central bank for this fiscal year. The Indian road transport sector carries goods