IMF Says India To Face Worst Contraction On Record, Revises Forecast

  • 2:46
  • Published On: October 14, 2020
Cinema View
Embed
India's economic growth forecast was slashed further by the International Monetary Fund (IMF) today, with the country now facing the biggest contraction of major emerging markets in the wake of the coronavirus pandemic. Gross domestic product (GDP) will shrink 10.3% in the fiscal year to March 2021, the Washington-based lender said in its World Economic Outlook, far worse than the 4.5% decline predicted in June. The 5.8 percentage-point downgrade was the biggest of the world's main economies.

Related Videos

Budget 2025 | Surjit Bhalla Lauds BJP Govt For Transforming India's Infrastructure Story
January 27, 2025 6:26
Budget 2025 | Surjit Bhalla Shares His Insights On India's Growth Drivers, FDI, Taxation & China Plus One
January 27, 2025 31:42
Indo-US Relations | Surjit Bhalla Explains Why Trump Would Be Good For Indo-US Business Relations
January 27, 2025 5:49
Ex-IMF Director Surjit Bhalla On India's FDI Decline
January 27, 2025 1:51
Budget 2025: Will India Meet its Fiscal Deficit Target? HSBC's Chief Economist Shares Insights
January 23, 2025 11:56
Need To Rethink Our Tax Policy: Surjit Bhalla, Former IMF Executive Director
January 22, 2025 12:17
IMF's Gita Gopinath On Global Growth And India's $10 Trillion Dream
January 21, 2025 3:08
Is Imran Khan Vs Government Showdown Imminent In Pakistan?
September 11, 2024 8:35
Cash-Strapped Pakistan Struggling To Seal $7 Billion IMF Deal
September 11, 2024 24:27
Muhammad Yunus Government Seeks $8 Billion From IMF, Other Allies
August 30, 2024 3:20
How Can India Create More Jobs? IMF's Gita Gopinath Has Some Tips
August 17, 2024 2:40
"Climate Change A Downside Risk To Indian Economy": Gita Gopinath To NDTV
August 17, 2024 13:23
  • Drone Captures Night View Of Mahakumbh
    January 28, 2025 1:35

    Drone Captures Night View Of Mahakumbh

  • 4-Storey Building Collapses In Delhi's Burari, 12 Rescued So Far
    January 28, 2025 1:47

    4-Storey Building Collapses In Delhi's Burari, 12 Rescued So Far

  • The Biggest Stories Of January 27, 2025
    January 27, 2025 23:55

    The Biggest Stories Of January 27, 2025

  • In Saif Ali Khan Attack Case, Mumbai Cops' Probe Leads to Woman
    January 27, 2025 3:00

    In Saif Ali Khan Attack Case, Mumbai Cops' Probe Leads to Woman

  • Waqf Amendment Bill: Rules On 2 Non-Muslim Members Among 14 Changes
    January 27, 2025 3:55

    Waqf Amendment Bill: Rules On 2 Non-Muslim Members Among 14 Changes

  • "Moment Of Great Pride": Uttarakhand Minister As State Implements Uniform Civil Code
    January 27, 2025 6:42

    "Moment Of Great Pride": Uttarakhand Minister As State Implements Uniform Civil Code

  • "Focused Governance": PM Modi's 'One Nation, One Election' Appeal To NCC Cadets
    January 27, 2025 3:51

    "Focused Governance": PM Modi's 'One Nation, One Election' Appeal To NCC Cadets

  • PM-Trump <i>Dostana</i>: A Force For Good
    January 27, 2025 29:04

    PM-Trump Dostana: A Force For Good

  • CM Pushkar Singh Dhami On UCC
    January 27, 2025 2:02

    CM Pushkar Singh Dhami On UCC

  • First Yogi Adityanath, Then Amit Shah, Next PM At Maha Kumbh. What's Opposition's Plan?
    January 27, 2025 19:39

    First Yogi Adityanath, Then Amit Shah, Next PM At Maha Kumbh. What's Opposition's Plan?

  • Uttarakhand UCC | Uttarakhand Is First State To Enforce Uniform Civil Code. What Changes
    January 27, 2025 3:50

    Uttarakhand UCC | Uttarakhand Is First State To Enforce Uniform Civil Code. What Changes

  • Delhi Decides: AAP vs BJP vs Congress - Pitched Manifesto Battle
    January 27, 2025 11:54

    Delhi Decides: AAP vs BJP vs Congress - Pitched Manifesto Battle

  • Uniform Civil Code Implemented In Uttarakhand: Will BJP States Follow The Template?
    January 27, 2025 15:36

    Uniform Civil Code Implemented In Uttarakhand: Will BJP States Follow The Template?

  • India, China Take Steps To Rebuild Trust, Resume Direct Flights, Mansarovar Yatra
    January 27, 2025 10:02

    India, China Take Steps To Rebuild Trust, Resume Direct Flights, Mansarovar Yatra

  • GB Road's Sex Workers And Shopkeepers Voice Long-Ignored Pleas
    January 27, 2025 5:07

    GB Road's Sex Workers And Shopkeepers Voice Long-Ignored Pleas

  • Amit Shah Visits Maha Kumbh With Family, Takes Holy Dip In Sangam
    January 27, 2025 2:13

    Amit Shah Visits Maha Kumbh With Family, Takes Holy Dip In Sangam

  • PM Modi Speaks To Trump Days After US President's Inauguration
    January 27, 2025 2:11

    PM Modi Speaks To Trump Days After US President's Inauguration

  • Foreign Secretary Vikram Misri In Beijing, Chandra Arya Barred From The Liberal Party
    January 27, 2025 47:45

    Foreign Secretary Vikram Misri In Beijing, Chandra Arya Barred From The Liberal Party

  • Storm Eowyn: Man Struggles To Measure Wind Speed Amid 190km/h Gusts In Ireland
    January 27, 2025 0:34

    Storm Eowyn: Man Struggles To Measure Wind Speed Amid 190km/h Gusts In Ireland

  • 9 Years Of Startup India: Can India Become Global Innovation Hub?
    January 27, 2025 11:38

    9 Years Of Startup India: Can India Become Global Innovation Hub?

  • "Some Relief For Middle Class": Naina Lal Kidwai To NDTV On Budget Expectations
    January 27, 2025 11:21

    "Some Relief For Middle Class": Naina Lal Kidwai To NDTV On Budget Expectations