Strict curfews and lockdowns imposed by several states due to the Covid-19 spike will lead to a loss of ₹1,50,000 crore for the country, according to a report by State Bank of India. Of the total loss estimated at ₹1.5 lakh crore, Maharashtra, Madhya Pradesh and Rajasthan account for 80% of the loss, the research report said. Maharashtra, which has put up a stringent lockdown when compared to other states, accounts for 54% of the loss. SBI also lowered the gross domestic product (GDP) estimates for fiscal 2021-22. The revised FY22 projection now stands at 10.4% for real GDP (earlier 11 per cent) and 14.3% for nominal GDP (earlier 15 per cent).