Covid-19 impact: India set for deepest recession yet in FY21, warn economists2 min read . Updated: 29 May 2020, 01:13 AM IST
- Economists paint a grim picture of the Indian economy for FY21 ahead of the statistics department’s release of the March quarter GDP print today
- Rating agencies, investment banks and multilateral agencies have sharply downgraded their full-year growth forecasts for the Indian economy in the wake of the shutdown
New Delhi: Professional forecasters veered towards a consensus that India’s economy will face its worst recession in 40 years, contracting by at least 5% this fiscal, a day before the statistics department releases the March quarter GDP print, which will partially reflect the unfolding impact of the pandemic on the economy.
Select your Category