According to the International Monetary Fund, India will be the large economy worst hit by the COVID-19 pandemic. The Fund now says that Indian GDP in the ongoing financial year, which began in March 2020, will contract by 4.5 per cent. Just a few weeks ago, it had been predicting 2 per cent growth for the year.
The IMF’s projection is by and large in line with estimates from investment banks…
SOURCE: THE SYDNEY MORNING HERALD