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Economists Predict Worst Recession Ever for India Amid Lockdown Extension

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Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter following the Rs 20 lakh crore coronavirus relief stimulus package which some economists call “aimless” and a “lost opportunity.”

Economists Predict Worst Recession Ever for India

Two leading global investment management firms, Goldman Sachs and Bernstein, have predicted that “India will experience its deepest recession ever,” according to reports. The forecasts came as the Indian government extended the country’s nationwide lockdown until May 31 while easing some restrictions to ...

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