India headed for rare quarterly contraction on lockdown2 min read . Updated: 25 Mar 2020, 06:13 PM IST
- With two of the three-week shutdown falling in April, gross domestic product growth in the quarter to June could contract about 5%, says an expert
- India’s economy had contracted 5.2% on an annual basis in 1980
India’s economy is poised to shrink next quarter and full-year expansion set to suffer markedly, as a three-week nationwide lockdown starting Wednesday brings activity to a standstill, according to economists including from ING Groep NV and Deutsche Bank AG.
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