Covid-19: World Bank sees FY21 India growth at 1.5-2.8%, slowest since 1991

India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday.

India's economy is expected to grow 1.5 per cent to 2.8 per cent in the 2020-21 fiscal which started on April 1, the World Bank said in its South Asia Economic Focus report.

It estimated India will grow 4.8 per cent to 5 per cent in the 2019-20 fiscal that ended on March 31.

The Covid-19 outbreak came at a time when India's economy was already slowing due to persistent