Corona's impact on the economy is expected to last until 2025

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New delhi date. 20 November 2020, Friday

Even after the corona epidemic weakens, India will continue to be the worst affected country in the world. India's situation will be worse by 202, according to a report by Oxford Economics.

The pressure on companies' balance sheets, which was already rising in Corona, will worsen, the report said. India's economic growth rate is projected to be 6.50 per cent over the next five years, up from 2.50 per cent before the virus spread.

Challenges such as strained corporate balance sheets, high NPAs of banks, failure of some NBFCs and weaknesses in the labor market, which were already hampering India's growth, will worsen.

The long-term adverse effects of this will push India's growth rate even lower than the previous level of Koro. Despite India's negative economic growth rate, the Prime Minister has not hesitated to reiterate his target of building a પાંચ 5 trillion economy by 203. India's economy today is worth ૮ 2.50 trillion. The government has announced a number of measures to accelerate growth but it is falling short of boosting demand.


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