: Covid-19: India to experience worst recession with 45% fall in second quarter, says Goldman Sachs #IndiaNEWS The United States-based multinational investment bank Goldman Sachs has predicted that the

Covid-19: India to experience worst recession with 45% fall in second quarter, says Goldman Sachs #IndiaNEWS
The United States-based multinational investment bank Goldman Sachs has predicted that the Indian economy will experience the worst recession ever after its already weakened state was further dragged down by the countrywide lockdown to contain the coronavirus pandemic. This is the third time that Goldman Sachs has slashed its forecast for Indiaâ€™s economic growth for 2020-â€™21. The Gross Domestic Product will contract by an annualised 45% in the second quarter from the prior three months, compared with the previous forecast of a 20% slump. A robust recovery of 20% is now likely in the third quarter. However, projections for the fourth and first of the next year remain unaffected at 14% and 6.5%. The Centreâ€™s Rs 20 lakh crore economic package to revive the battered economy is unlikely to have an immediate impact on growth, the banh &ÈXÛÛ›ÛZÝÈØZY[ˆH™Üˆ8 '™H]™H™Y[ˆHÙšYÈÙˆÝXÝ˜[™Y›Ü›H[››Ý[˜Ù[Y[ÈXÜ›ÜÜÈÙ]™˜[ÙXÝÜœÈÝ™ˆHÝ™]È^Ë8 È]ØZYˆ8 'ÙH™Y›Ü›È™H[Ü™HYY][K]›H[ˆ˜]™K[™ÙH™Y›Ü™HÈ›Ý^XÝÙHÈ]™H[ˆ[[YYX]H[XÝÛˆ™]š]š[™ÈÜ›ÝÝ¸ Ñ›ÛÝÈÙ^x &È]ÈÛˆH[™[ZXÈ™P[ÛÈ™XY•HÛ]XØ[š^ˆÚ[[Ùx &Èš]™K]˜[˜ÚHXÛÛ›ÛZXÈXÚØYÙHY[™XHÝ]ÙˆHØÚÙÝÛˆXžÜÏÕHÙ[™HÛZ[ÈHXÛÛ›ÛZXÈXÚØYÙHË‹‹”™XY[Ü™H

Stock Market NEWS Best intraday tips Intraday Stocks below 100