Eco may see record quarterly slump as pandemic hits

India's economy likely suffered its largest quarterly slump on record, as coronavirus-related lockdowns add to already-declining consumer demand and investment. Economists predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter, the worst performance in at least eight years.



August 31, 2020 at 10:56AM