In Lowest Forecast So Far\, Goldman Expects India’s FY21 GDP To Contract 14.8%

In Lowest Forecast So Far, Goldman Expects India’s FY21 GDP To Contract 14.8%
Daily wage workers drink chai at a tea stall while waiting for work in Boisar, Maharashtra, India, on Sunday, Sept. 6, 2020. Photographer: Dhiraj Singh/Bloomberg

In Lowest Forecast So Far, Goldman Expects India’s FY21 GDP To Contract 14.8%

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After the lockdown to contain the coronavirus pandemic led to a steeper-than-expected contraction in India’s economy in the quarter ended June, economists further cut their growth estimates for the...