S&P expects India's economy to contract 9% in fiscal 2021

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns.

from Economy-News-Economic Times https://ift.tt/32pFnEX