India – hard way back to 8% growth

India currently is the coronavirus hotspot of Asia and is facing a long way back from the crisis. Economists find it difficult to predict how long it will take for the Indian economy to recover. In April, the IMF still assumed that the economy could grow by 1.9% this year. However, other economists now expect a decline of up to 5%. So, it could be some time before India can return to its previous growth rate of over 8%.

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