Tag Archives: India’s GDP contraction

NEW DELHI: Moody’s Investors Service cut Friday growth projection for the current fiscal to (-) 11.5 percent, from (-) 4 percent previously estimated, saying that the economic contraction would be more pronounced due to the lockdown and the continued increase in coronavirus cases. The US-based rating agency also projected that …

Economists Say Rapid Rise In COVID-19 Cases Could Delay Recovery In Already Slowing Economy India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data showed today, as disruptions induced by the coronavirus pandemic damaged businesses and livelihoods across the country. Despite the monetary and fiscal …