India GDP To Shrink 0.9% In 2020-21 In Case Of Prolonged COVID-19: Industry Body CII

Описание: As India remains in a 40-day nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic, trapping an already-slowing economy a standstill, economists and industry experts are estimating sub-1 per cent expansion rates or even contraction for the country's GDP or gross domestic product. The latest estimates by economists and industry experts highlight a gloomy situation for the county's economy on account of the coronavirus-triggered lockdown, which continues to disrupt businesses worldwide. But even before the country began the COVID-19 lockdown, the economy stared at its worst pace of expansion since the 2008-09 global financial crisis.

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