Economics

India Is Set for 25% Contraction This Quarter on Lockdown

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By Abhishek Gupta (Economist)

April 14, 2020 at 9:49 AM UTC

This article is for subscribers only.

A precipitous recession in India is inevitable, according to Bloomberg Economics. A lockdown -- initially set to last three weeks to April 14 -- has been extended until May 3. BE now expects GDP to drop 25% from a year earlier in the current quarter.