Indian economy is bouncing back; focus on structural reforms need for sustained growth: UBS report

The Indian economy may have lost close to Rs 20trn ($270bn), 10.6% of its GDP between April and Sept 2020 due to mobility restrictions. Even as economic activity appears to be gradually returning to pre-COVID levels but we expect India's real GDP to contract 10.5% in FY21, the report said.

from Economy-News-Economic Times https://ift.tt/2HKX4HA