Coronavirus has drastically altered India's growth outlook: RBI report
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As per the Monetary Policy Report of RBI, the outlook for India's economic recovery has been sharply altered by the coronavirus outbreak. "Prior to the outbreak of Covid-19, the outlook for growth for 2020-21 was looking up," the Reserve Bank of India said. RBI fears "the global economy is expected to plunge into recession in 2020, as post-Covid projections indicate." However, it didn't predict India's GDP growth rate.