As India remains in a 40-day nationwide lockdown to slow down the spread of the Covid-19 pandemic, trapping an already-slowing economy a standstill, economists and industry experts are estimating sub-1 per cent expansion rates.
Some are even expecting a contraction for the country’s GDP.
The latest estimates by some economists and certain industry experts shows how gloomy India’s economy on account of the coronavirus-triggered lockdown, which continues to harm many businesses worldwide. Though even before the country began the COVID-19 lockdown, the economy stared at its worst pace of expansion since the 2008-09 global financial crisis.
