Will recession hit India in 2020-21 ? | ABP Uncut
Corona Virus has brought global economy to a grinding halt as countries across the globe continue to impose various forms of lockdowns to prevent this pandemic from spreading. Before the COVID-19 crisis India's GDP was growing at the rate of ~4.5%, various initial estimates suggest that post Covid-19 the growth rate is expected to slow down to ~2%. Although the situation is very dynamic but with prolonged lockdown the GDP might actually contract and we will head into a recession.
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