Bruised Indian economy to be battered further by coronavirus: Poll

VCCircle | Mar 27, 2020 at 10:09 AM
  • India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.
  • The latest poll findings on India growth line up with expectations elsewhere around the globe, where economists have been slashing their outlook repeatedly and their worst case scenarios are fast turning into central forecasts.
  • For the current fiscal year, economic growth was forecast to average 4.7% and then slow sharply next fiscal year to 3.6% – its most lacklustre rate since the global financial crisis.