Question

what is th impact the f covid 19 towards the economic development of india​

Answer 1

Answer:

• India’s economic growth is likely to slow down to 4 per cent this fiscal on the back of the current global health emergency, Asian Development Bank (ADB) said in its outlook for financial year 2020-21 on Friday.

• Growth in India will remain subdued after the country suffered a sharp slowdown last year, from 6.1 per cent in fiscal 2019 to 5 per cent, as a credit crunch that originated in the non-banking financial sector severely hampered bank lending , the Manila-based lender said.

• “We face extraordinarily challenging times. The outbreak of coronavirus (Covid-19) is disrupting people’s lives and interrupting business and other economic activities around the world,” said Masatsugu Asakawa, President of ADB.