1. Goldman Sachs said that India’s economy may contract by a huge 45% in the June quarter.
2. Projections say that India’s Gross Domestic Product (GDP) will fall by 5% for the year 2020-21.
3. This will be deeper compared to all recessions India has ever experienced.
4. India’s growth is estimated to shrink from an earlier estimate of 0.4% to -3.6%.