India Development Update, July 2020

• Ngôn ngữ: eng
• Ký hiệu phân loại: 181.4 *India
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 313812
• Chủ đề: 1. CORONAVIRUS; 2. COVID-19; 3. ECONOMIC GROWTH; 4. EXTERNAL SECTOR; 5. PANDEMIC IMPACT

Tóm tắt

 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 more recently by stress in the non-banking segment of the financial sector
  increased risk aversion among banks and corporates
  a decline in rural demand
  and a subdued global economy.