Metro trains parked at yard in New Delhi, India - Xinhua
MANILA, Sept. 15 (Xinhua) -- India's GDP growth for fiscal year (FY) 2020-2021 is forecast to contract by 9.0 percent as the COVID-19 pandemic weighs heavily on economic activity and consumer sentiment in the country, according to a new report by the Asian Development Bank (ADB) released on Tuesday.
In its Asian Development Outlook (ADO) 2020 Update, ADB forecast a strong recovery for the economy in FY2021, with GDP to grow by 8.0 percent as mobility and business activities resume more widely.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
