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World Bank projects India’s GDP to contract 9.6% in FY21

World Bank projects India’s GDP to contract 9.6% in FY21
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 The World Bank on Thursday projected India’s gross domestic product (GDP) to plunge in FY21 by 9.6% revised down since its June forecast of 3.2% drop, reflecting the impact of the nationwide lockdown and the income shock experienced by households and small urban service firms.

“However, there is substantial uncertainty related to the course and duration of the pandemic; the speed at which households and firm…

To read more: https://www.livemint.com/news/india/world-bank-sees-sharper-cut-in-india-fy21-gdp-estimates-9-2-fall-vs-3-2-11602128832640.html

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