FINANCE MINISTRY FORECAST INDIAN ECONOMY TO SHRINK BY 4.5 PERCENT IN FY21

Highlights

• The lockdown imposed by the government dented the economy and despite reopening policies it continues to suffer

• The Indian economy will jump immediately in the next fiscal said the macroeconomic report drafted by the finance ministry on the basis of International Monetary Fund (IMF)

Indian gross domestic product (GDP) will shrink 4.5 percent in the financial year 2020-2021 predicts a recen....