The economic outlook for India in the wake of the COVID-19 outbreak
IHS Markit expects India’s real GDP growth for fiscal year (FY) 2020–21 (ending March 2021) will contract 6.3%, as a result of the coronavirus disease 2019 (COVID-19) pandemic. The country’s strict nationwide lockdown to battle the spread of COVID-19 infections shut down most of the economy for nearly two months, and while the government has taken steps to unwind lockdown restrictions, large portions of major urban/economic areas remain under strict containment measures because of rising infection rates. Join our Chief Asia Economist, Rajiv Biswas as he walks us through the current economic outlook and what’s coming next.
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