Explanation:

The World Bank has recently released a latest South Asia report titled “Beaten or broken: Informality and COVID-19.
Key findings of the report

• As many as 5.5 million students could drop out of schools across South Asia.
• Dropouts, combined with substantial learning losses for those who remain enrolled in schools, would cost the South Asia region as much as $622 billion in future earnings.
• The average child in South Asia may lose $4,400 in lifetime earnings once having entered the labour market.
• The extended closure of schools amid the coronavirus pandemic could dent India’s future earnings by anywhere between $420 billion and $600 billion.
• Impact of COVID-19 has kept 391 million students out of school in primary and secondary education.
• The projected learning loss for the South Asia region is 0.5 years of learning-adjusted year.

Hence option 2nd is correct.