Covid hurts India moreThe World Bank has said it may lower its outlook for India further, and project a “steeper contraction" of the economy when it revises its estimate in October.
In May, it had estimated the economy will contract 3.2% in FY2021, and make a recovery only a year later. It has now said that without critical reforms in areas such as health, labour, land, skills and finance, India will find it harder to emerge from covid-19 crisis.