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India 1 of 3 in G20 likely to grow in 2020, 500m may slip into poverty: Survey

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MUMBAI: India is one of the only three economies in G20 that is expected to grow in 2020 even as 500 million people are at a risk of slipping into poverty due to the lockdown induced by the covid-19 pandemic, says a 30 May global survey jointly conducted by Marsh & McLennan Companies (MMC) and Zurich Insurance Group (Zurich) in collaboration with the World Economic Forum. “The euro area is anticipated to be the hardest hit, with India, China and Indonesia the only G20 countries expected to grow in 2020," said the study, adding that this is the fallout of the covid-19 crisis, which will accelerate reshuffling of geo-economic influence.

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