1. Goldman Sachs said that India’s economy may contract by a huge 45% in the June quarter.
![](http://www.shortpedia.com/blog/wp-content/uploads/2020/05/2-8.jpg)
2. Projections say that India’s Gross Domestic Product (GDP) will fall by 5% for the year 2020-21.
![](http://www.shortpedia.com/blog/wp-content/uploads/2020/05/3-8.jpg)
3. This will be deeper compared to all recessions India has ever experienced.
![](http://www.shortpedia.com/blog/wp-content/uploads/2020/05/4-8.jpg)
4. India’s growth is estimated to shrink from an earlier estimate of 0.4% to -3.6%.
![](http://www.shortpedia.com/blog/wp-content/uploads/2020/05/5-7.jpg)