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IMF Predicts India's Economy To Contract By 4.5% This Year

IMF predicts India's economy to contract by 4.5% this year
IMF predicts India's economy to contract by 4.5% this year
The International Monetary Fund (IMF) on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust six per cent growth rate. The (IMF) projected the global growth at –4.9 per cent in 2020, 1.9 percentage points below the Apr...
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