Covid-19 triggers once in-a-century crisis: Kumar Mangalam Birla

"It is estimated that about 80 per cent of India's GDP originates from districts which were classified under red and orange zones during the lockdown, where economic activity remained severely constrained. Correspondingly, India's GDP is likely to contract in FY21, which would be the first such instance in over four decades," Birla said in a letter to shareholders.



August 16, 2020 at 03:21PM