EIU: India to be fastest growing G20 economy as global GDP shrinks

NEW DELHI, March 30 (The Statesman/ANN) -- India will emerge as the fastest growing economy among the G20 countries even as Economist Intelligence Unit (EIU) has slashed India’s GDP growth forecast to 2.1 per cent from 6 per cent in the light of the coronavirus pandemic.

India’s growth at just 2.1 per cent may be a huge downgrade but given the projected recession in other regions like the US, Europe and Latin America, India will show the highest rate of GDP growth.