The multi-phased lockdown imposed to curb its spread has resulted in a devastating blow to the Indian economy: World Bank.
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India’s economy will
shrink by 3.2% in the current fiscal, the World Bank said on Monday as
it joined a chorus of international agencies that are forecasting a
contraction in growth rate due to the coronavirus lockdown halting
economic activity.
The Washington-based multilateral lender said that the Covid-19 pandemic
and the multi-phased lockdown imposed to curb its spread has resulted
in a dev
Read more at: https://www.bloombergquint.com/business/india-s-economy-to-contract-by-3-2-per-cent-in-fiscal-year-2020-21-world-bank
Copyright © BloombergQuint
Read more at: https://www.bloombergquint.com/business/india-s-economy-to-contract-by-3-2-per-cent-in-fiscal-year-2020-21-world-bank
Copyright © BloombergQuint
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