Covid-19 wave imperils India’s double-digit growth forecast
IMF’s upgrade to 12.5%, the quickest rate among major economies, is in doubt as cases surge
25 April 2021 - 20:21
Just two weeks ago, the IMF upgraded India’s economic growth forecast to 12.5% — the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt.
In Delhi, India’s political capital, the streets are mostly empty and the markets nearly deserted with almost all shops closed in response to curbs instituted by the local administration to fight the pandemic. The scene is not so different in Mumbai, the financial hub that accounts for 6% of the national output...
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