India’s GDP to shrink by 4% (means -4%) fiscal 2020-21: ADB

  • India’s economy will shrink by 4% in the financial year 2020 as against an increment of 4% projected in its April outlook, the Asian Development Banks stated in its supplement report on 18th June while also cutting the growth forecast for India for 2021 to 5% compared to 6.2% projected in April.
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