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Tag: Permanent Loss

decline-in-growth-rate
COVID-19 Lockdown beyond May can lower growth to zero, permanent loss of 4% in India's GDP

New Delhi: CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve. The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides […]