S&P GLOBAL RATINGS: INDIAN ECONOMY IN DEEP TROUBLE, GROWTH EXPECTED TO CONTRACT 5% IN FY21

Highlights

• According to the report made by S&P, the Indian economy will shrink 1.3 percent in 2020 and bounce back 6.9 percent in 2021

• Shaun Roache, chief economist for Asia-Pacific at S&P states the region has showcased some success in containing the virus with the help of its macroeconomic policies

• Shaun Roache said the recession may continue even after the world finds vaccine for th....