India outbreak pandemic economy Coronavirus India

Indian economy to struggle with coronavirus effects through 2025

Reading now: 661
www.livemint.com

economies even after the pandemic wanes, with output 12% below pre-virus levels through the middle of the decade, according to Oxford Economics.Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South Asia and South-East Asia, wrote in the report.

She projects potential growth for India at 4.5% over the next five years, lower than 6.5% before the virus.“It’s likely that headwinds already hampering growth prior to 2020 -- such as stressed corporate balance sheets, elevated non-performing assets of banks, the fallout in non-bank financial companies, and labor market weakness -– will worsen," she said.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Washington Commanders Deshazor Everett charged with involuntary manslaughter after car crash kills girlfriend - fox29.com - Washington - city Washington - state Virginia - state Maryland - county Loudoun
fox29.com
43%
155
Washington Commanders Deshazor Everett charged with involuntary manslaughter after car crash kills girlfriend
LOUDOUN COUNTY, Va. - Washington Commanders safety Deshazor Everett has been charged with involuntary manslaughter for the fatal car crash that took the life of his girlfriend Olivia Peters. According to the Loudoun County Sheriff’s Office, Everett was charged after investigators determined he was driving over 90 mph just before the crash. Authorities say Everett, 29, turned himself into the Louduon County Adult Detention Center Tuesday afternoon. RELATED: Washington Football Team player discharged from hospital after car crash that killed Maryland womanBoth Everett and Peters were traveling north on Gum Spring Road near Ticonderoga Road in a 2010 Nissan GT-R the night of the crash in December 2021. Loudoun County Sherrif's Office said the vehicle the couple was in veered off the right side of the roadway, struck several trees, and rolled over.  Peters was taken to StoneSprings Hospital where she died from her injuries. Everett was taken to Reston Hospital Center and treated for serious but non-life-threatening injuries. Everett posted a $10,000 secured bond and has been released from custody. He is due in court on March 1. Kaveh Noorishad, Everett's attorney, released the following statement to FOX 5 regarding the matter: Advertisement"Mr.
DMCA