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India economic revival worst in Asia; GDP growth to lose pace in Q3: Report

Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground

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The report said India fares the worst in its Asia recovery scorecard

Press Trust of India New Delhi
Global forecasting firm Oxford Economics on Tuesday said it expects India's GDP growth to lose momentum from late third quarter (October-December) of the current fiscal as the push from the initial reopening fades.
It further said India fares the worst in its Asia recovery scorecard, implying that the country will likely take the longest among major economies to converge to its pre-coronavirus growth level.
Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground.
"In our baseline, we expect GDP growth to lose momentum from late Q3 on, once the

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First Published: Jul 28 2020 | 7:52 PM IST

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