The rating agency said that the economy is likely to contract 25% during the first quarter of the fiscal year
NEW DELHI : Rating agency Crisil Ltd on Tuesday said the Indian economy may contract by 5% this fiscal, slashing its growth outlook for the year from 1.8% in April, holding that India’s economic package is unlikely to boost the economy in the short run and the partial lockdown continues to be a hindrance to normal economic activity.
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