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World Bank sees India's GDP growth at 1.5-2.8%, lowest since 1991 crisis

Warns social distancing to be a challenge among migrant workers, slum dwellers

Topics
Coronavirus | World Bank  | Gross Domestic Product (GDP)

Indivjal Dhasmana  |  New Delhi 



GDP
The World Bank had earlier projected the growth to be 6.1 per cent for 2020-21.

The has scaled down India’s gross domestic growth (GDP) growth projection to 1.5-2.8 per cent for the current fiscal year, which would be the lowest economic expansion since the balance of payments crisis of 1991-92, as Covid-19 is dragging down activities in the already slowing economy. It had earlier projected the growth to be 6.1 per cent for 2020-21.

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First Published: Sun, April 12 2020. 21:09 IST

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