Business Standard

India may register recession in Q3 of this fiscal over Covid-19: Report

The country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, it adds

ECONOMY, GDP, MANUFACTURING, PRODUCTION, INDUSTRY, INDUSTRIAL, INDUSTRIES, MSME, SME, JOBS, ECONOMY, GROWTH
Premium

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms

Agencies
The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, news agency PTI reported.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 24 2020 | 12:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com