Developing

Worst Hit Of India’s GDP Among G-20 : Confirms IMF

India’s GDP growth at historical low in lockdown Q2. Confirms IMF. In a tweet chief economist of IMF said that “In great lockdown Q2 2020 GDP growth at historical lows. Graph puts G20 growth numbers on a comparable scale, quarter-on-quarter non-annualized. Should expect rebounds in Q3 but 2020 overall will see major contractions. China recovers strongly in Q2 after collapse in Q1.” The UK is the most affected after India, with a GDP contraction of 20.4 per cent.

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