uttar pradesh india: Live & Latest News Updates : Vimarsana.com
SHI YU/CHINA DAILY
India's escalating health burden, faltering vaccination rate, and lack of a convincing government strategy to contain the novel coronavirus pandemic have prompted us (at Oxford Economics) to downgrade our 2021 GDP growth forecast for the country from 11.8 percent previously to 10.2 percent.
We expect India's GDP to contract sequentially in the second quarter as more and more states resort to stricter lockdowns to contain the pandemic, and average 1.47 percent quarter-on-quarter in 2021-a notable slide from our pre-second wave average growth forecast of 1.64 percent. Still, further downward revision may be warranted if struggling health systems force major regions, including Maharashtra, Karnataka and Delhi, to prolong lockdowns.
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