The pandemic has afflicted India at a time when its economy had already been decelerating. Defying a long-term accelerating path, real GDP growth moderated from 7.0 percent in 2017-18 to 6.1 percent in 2018-19 and 4.2 percent in 2019-20. The pre-COVID-19 growth deceleration was perceived to be due to long-standing structural rigidities in key input markets; continuing balance sheet stress in the banking and corporate sector, which were compounded...
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DETAILS
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2020/07/01
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Report
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151554
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1
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1
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2020/08/19
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Disclosed
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India Development Update
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Financial Sector
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India Development Update (English). Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/342001596823446299