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Economy

Lockdown extension to cost Rs 10 lakh crore or 5% of GDP, says Axis Capital report

Updated : April 21, 2020 05:14 PM IST

The gradual normalisation of supply chains and some pent-up demand will be the main driver of growth in the coming quarters of 2020.
Inflation is expected to remain a bit elevated in the coming months due to supply risks which then eases off.
The report expects another 40-90 bps in rate cuts by the Reserve Bank of India.
Lockdown extension to cost Rs 10 lakh crore or 5% of GDP, says Axis Capital report

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