India’s economy deeply scarred by virus disaster
Economists are downgrading their estimates as figures shows the extent of the economic damage from a devastating second wave
02 June 2021 - 17:28
New Delhi — Expectations for India’s economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the Covid-19 pandemic.
Economists are downgrading their estimates as a range of data – from the rate of cheques bouncing to the amount of mortgaged gold jewellery up for sale – shows the extent of the economic damage from a devastating second wave of the disease...
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