Experts fear massive 40% fall in April GDP, call for unlocking of economy

Fearing a 40 per cent contraction in India's gross domestic product (GDP) in April, experts have cautioned that India should not send out a signal that the lockdown is resulting in making it a controlled economy.
 

"There are some signals... the global markets are fearing that India is going to slide into a controlled economy which is very damaging," said former Chief Economic Advisor Kaushik Basu at a webinar organised by the Institute of Economic Growth.
 

Naushad Forbes, former president of the Confederation of Indian Industry (CII) and co-chairman of Forbes Marshall, said his back of the envelope estimates indicate