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The consumers' willingness to spend after the ending of lockdown would be critical for an economic rebound.

Rating agency ICRA forecasts the fourth quarter GDP growth to be 2% while Societe General Corporate & Investment Banking (SGCIB) sees a contraction of 1%. Other predictions are within this range.

(BLOOMBERG) - The Indian economy's resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one's yet doubting its potential to pull off the world's fastest pace of growth among major economies this year.. Read more at straitstimes.com.

Read more about India's economy faces resilience test amid risks from Covid-19 outbreak on Business Standard. Economists say the relaxation of restrictions across states will determine the strength of a rebound.

Economists say the relaxation of restrictions across states will determine the strength of the rebound The Indian economy's resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one's yet doubting its potential to pull off the world's fastest pace of growth among major economies this year. The economy is on track to grow 10 per cent in the year that began April 1, according to the median of 12 estimates compiled by Bloomberg News. That's after several economists downgraded their forecasts in recent weeks to factor in local curbs on activity, incl...