India's first quarter GDP growth likely to be weakest since 2012: Poll

India's first quarter GDP growth likely to be weakest since 2012: Poll

Pooja Gupta

27.05.2020

India's economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown a reuters poll predicted.

India's economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown a reuters poll predicted.
The poll of 52 economists, taken May 20-25, indicated India’s economy grew at 2.1 per cent in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7 per cent in the prior three months. Asia’s third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely. “The extension of India’s lockdown until the end of May all but guarantees an unprecedented economic recession.”

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