The prospect of zero economic growth and the role of confidence4 min read . Updated: 16 Apr 2020, 06:20 PM IST
- India’s zero-growth projection made by a Barclays’ report may underestimate both the true impact of a pandemic in a globally integrated economy and also the chances of recovery through morale boosting measures
A recent Barclays Report, reducing India’s GDP growth forecast to 0% for the calendar year 2020, from its earlier projection of 2.5% just three weeks ago, on 24 March 2020, heightens anxieties and slashes ‘confidence’ in these covid-19 times. This report, like others of its ilk, fails to assess the true nature of the disruption, and thus, provides inaccurate estimates of the covid-19 impact.
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