India’s growth rate may dip to -6% to -9% in current fiscal

Funds Instructor24 Jul, 2020News

BJP leader and Rajya Sabha MP Subramanian Swamy said on Thursday 23rd July 2020 that “India’s growth rate may plunge to -6% to -9% during the current financial year due to COVID-19 pandemic and may bounce back next fiscal if correct policies were worked out.” He also said that “Economy has collapsed in the last 4 to 5 years. What has happened is that the COVID-19 pandemic has sharpened the decline. Now you will find between 6% and 9% negative growth by the end of this financial year.”