INDIAN ECONOMY TO CONTRACT 3.2 PERCENT IN 2020-21: WORLD BANK

Highlights

• The World Bank said the stringent measures including the lockdown that heavily curtailed the economic activity is the primary reason for the contraction of economy

• International rating agencies including Fitch Rating, S&P Global Ratings and Moody’s Investor Service had previously predicted a contraction of 4-5 percent in Indian economy

The crippling Indian economy has been hardly....