World Bank's view on Indian Economy, GDP to contract by 9.6% in FY 20-21
Автор: MIRROR NOW
Загружено: 2020-10-08
Просмотров: 637
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COVID has impacted the world economy severely. World Bank expects the Indian Economy to contract sharply. GDP to contract to 9.6% by 2020-2021. The situation in India is worse than expected.
Mirror Now's Avni Raja says the Indian Economy has already contracted by 25% in the last quarter and a further contraction is expected. The GDP may improve but will still be in the negative category. There has been a severe disruption in demand and supply in the economy due to the lockdown. The lockdown has come to an almost 70% standstill. The economic revival will take some time. India's measures to combat COVID have been impressive.
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