Oxford Economics revises downwards its India development forecast

Forecasting agency Oxford Economics predicts that India’s post-COVID-19 scars may very well be among the many worst on this planet. It expects India’s development equilibrium to worsen considerably over the medium time period, with potential development averaging simply 4.5% over 2020-2025, from its pre-pandemic projection of 6.5%. The fiscal deficit can also be anticipated to widen 7% of GDP in 2020-21.

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