Coronavirus pandemic will contract India’s economy in 2020-21, warns central bank

The Reserve Bank of India (RBI) has slashed its growth forecast for this financial year and warned of inflation uncertainties as India’s economy suffers due to the Covid-19, pandemic. While the country’s GDP growth is set to “remain in the negative territory with some pick up in second half” of the 2020-21 fiscal year, RBI Governor Shaktikanta Das did not[Read More...]

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