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Barclays

Barclays cuts India’s economic growth to “zero” in 2020 due to coronavirus pandemic

Extension of the nationwide lockdown till May 3 will inflict an economic loss of USD 234.4 billion, and result in stagnant GDP for the calendar year 2020, a British brokerage said on Tuesday. The economic growth will be zero for the calendar year 2020 and when seen from a fiscal year perspective, will rise 0.8...

Fragile Indian economy will collapse due to lockdown: Report

The 21-day lockdown imposed by the Narendra Modi-led government to contain the spread of coronavirus in the country can result in the “fragile” Indian economy collapsing and more people losing jobs, a New York Times report suggests. It says that for a country of 1.3 billion people, the lockdown means “starving” as the state-ordered paralysis...