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Continued spread of Covid-19 poses risk to Indian economy: IMF official

According to him, the near-term growth outlook in India continues to be clouded by the global and domestic slowdown and uncertainties relating to the evolution of the coronavirus pandemic

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The downward revision to growth in FY20/21 is driven primarily by the continued rise in the number of Covid cases in India, he said.

Press Trust of India Washington

5 min read Last Updated : Jun 30 2020 | 8:20 PM IST

The main downside risk to India's growth forecast is the continued spread of the Covid-19 pandemic as the health crisis has not yet been contained, a top IMF official said on Tuesday, noting that the country's near-term growth outlook continues to be clouded by the global and domestic slowdown and uncertainties relating to the coronavirus.

Recently, the International Monetary Fund (IMF) in its report projected the Indian economy to contract by -4.5 per cent in 2020, which is the slowest Indian growth that it has in its record since 1961.

"The main downside risk to India's growth forecast is the

Topics : Coronavirus Indian Economy International Monetary Fund

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