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 economy may contract by a huge 45%. The projected 5% fall in the gross domestic product (GDP) for 2020-21 will be deeper compared to all ‘recession....