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%.

Topics #COVID-19 lockdown #Covid19 #Gross Domestic Product #Indian Economy #recessions