India’s economy to shrink 9% this year as Covid-19 cases surge

SourceThe National
CountryMiddle east

Private sector activity is being held back as consumers stay at home, S&P Global says A healthcare worker in protective gear takes a nasal swab from a Mumbai resident for a Covid-19 test. India's health ministry declared 92,071 new cases of the pandemic on Monday, bringing the total so far to more than 4.85 million.  AFP Sep 14, 2020 September 14, 2020 India's economy is set to shrink by 9 per cent this year as measures to stem the spread of Covid-19 will keep private sector spending levels lower for longer, according to S&P Global Ratings. This forecast is a more...