India”s economic growth seen plunging to multi-decade low in FY21 – Times of Oman

India”s economic growth seen plunging to multi-decade low in FY21 – Times of Oman

Photo used for illustrative purpose only.. Mumbai: India's economic growth is expected to plunge to a multi-decade low of 1.6 per cent in the financial year 2020-21 (April-March) due to the COVID-19 pandemic, said a report released by a US investment bank.". Even without the pandemic, India's growth was expected to slide to a decade low of 5 per cent for the just concluded financial year on March 31 and the virus has only added fuel to the fire..