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Bruised Indian economy to be battered further by coronavirus: Reuters poll
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Bruised Indian economy to be battered further by coronavirus: Reuters poll
India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found. With the virus spreading rapidly, Prime Minister Narendra Modi announced a three-week nationwide lockdown on Tuesday which will have a huge detrimental impact on businesses. India's informal sector, the backbone of the economy, will be hardest hit as economic activity comes to a standstill.
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