GDP to Contract by 18.3% as Indian Economy Likely to See Record Quarterly Slump as Pandemic Hits

Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years. The same economists predict a contraction of 8.1% and 1.0% in the September and December quarters respectively, which would dash any hopes of an economic recovery this year.

from Top Business News- News18.com https://ift.tt/2G5OLoo