Goldman Sachs pegs India’s GDP growth at 1.6% in FY21

Mumbai, April 8 Indian economic growth is likely to plummet to 1.6% in 2020-21 due to Covid-19, lockdowns and social distancing, Goldman Sachs said today in one of the bleakest forecasts on GDP yet. Indian policymakers have not been aggressive...

Tribune News Service

Updated At : 12:14 PM Apr 09, 2020 IST

Mumbai, April 8

Indian economic growth is likely to plummet to 1.6% in 2020-21 due to Covid-19, lockdowns and social distancing, Goldman Sachs said today in one of the bleakest forecasts on GDP yet.

Indian policymakers have not been aggressive enough in their response till now to the crisis, and will need to eventually intensify their efforts, it said. — PTI

Goldman Sachs pegs India’s GDP growth at 1.6% in FY21

Tribune News Service

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