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A deeper recession for India? Goldman Sachs expects India GDP growth of -5% in FY21

Updated : May 18, 2020 12:06 PM IST

The brokerage expects a GDP growth of -3.6 percent in 2020 as compared to its earlier forecast of -2.5 percent
The -5 percent growth forecast for FY21 would be deeper compared to all 'recessions' India has ever experienced, Goldman Sachs noted.
We expect a strong sequential mechanical rebound in Q3, it said.
A deeper recession for India? Goldman Sachs expects India GDP growth of -5% in FY21

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