GOLDMAN SACHS: INDIA’S ECONOMY MAY CONTRACT BY 45% IN THE JUNE QUARTER

Highlights

• A 5% fall in GDP is projected for 2020-21 
• It will be deeper compared to all recessions India has ever experienced.

Goldman Sachs on Sunday said in the June quarter, India’s eco...

Indian economy – is it recovering?

The Narendra Modi government had estimated the gross domestic product (GDP) growth rate to be 7% for 2019-20. It was when the Economic Survey was presented in Parliament in July 2019. 

The estimates by the government were lowered to 5%, six months later. 

For six con...