Indian economy to contract by 10.3% in 2020; may bounce back with 8.8% growth rate in 2021: IMF
The International Monetary Fund (IMF) on Tuesday slashed the growth forecast for India for the second time this year saying that the country’s economy will contract 10.3% in FY21, the third steepest decline after Spain and Italy, and the sharpest fall among emerging markets and developing countries.
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