IMF projects India GDP growth forecast to 1.9%, Barclays forecasted it to 0%

IMF projects India GDP growth forecast to 1.9%, Barclays forecasted it to 0%
IMF projects India GDP growth forecast to 1.9%, Barclays forecasted it to 0%

IMF projects India GDP growth forecast to 1.9%, Barclays forecasted it to 0%


The GDP growth rate at 1.9% for 2020-21 is 3.9% lower than the January outlook.

Estimated a sharp economic recovery for India in the financial year 2021-22 at 7.4%.

The ‘Great Lockdown’ to combat the covid-19 outbreak will throw the world economy into the worst recession since the Great Depression in 1930s.


Investment Bank Barclays also pared its growth forecast for India to 0% for calendar year 2020 from its earlier projection of 2.5%. 

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