Indian Economy May Plunge More Than 10% as Virus Spikes

Sep.18 — Some economists and global institutions are now expecting India’s economy to contract about 10% or more this year after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections. Gross domestic product plunged 23.9% in the April-June quarter from a year ago, the biggest decline since records began in 1996 and the worst performance of major economies tracked by Bloomberg. Anirban Nag reports on "Bloomberg Markets: Asia."

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