- Indian economy, GDP The coronavirus pandemic is a “severe demand shock” for the Indian economy and could lead to further moderation in the country’s GDP growth as the coronavirus-induced lockdown is causing significant disruption across multiple sectors.
- According to Dun & Bradstreet, besides the impact on human lives and the global supply chain, the pandemic is a severe demand shock which has offset the green shoots of recovery of the Indian economy that were visible towards the end of 2019 and early 2020.
- Accordingly, Dun & Bradstreet has revised its Gross Domestic Product (GDP) estimates for India downwards by 0.2 percentage points for fiscal year 2020 to 4.8 percent and by 0.5 percent for the fiscal year 2021 to 6 percent.
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