Goldman Sachs projects deeper recession for India in FY211 min read . Updated: 08 Sep 2020, 05:17 PM IST
- India’s economy contracted 23.9% in June quarter, worst among the G20 countries and significantly below expectation of most economists
Investment bank Goldman Sachs on Tuesday said it expects Indian economy to undergo a deeper recession in FY21 with a contraction of 14.8% against its earlier estimate of 11.8% dip in economic activity.
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