India Is Set for 25% Contraction This Quarter on Lockdown

A precipitous recession in India is inevitable, according to Bloomberg Economics.

(Bloomberg) -- A precipitous recession in India is inevitable, according to Bloomberg Economics. A lockdown -- initially set to last three weeks to April 14 -- has been extended until May 3. BE now expects GDP to drop 25% from a year earlier in the current quarter.

©2020 Bloomberg L.P.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google