Categories: Economy

Oxford Economics revises downwards its India growth forecast

Forecasting firm Oxford Economics predicts that India’s post-COVID-19 scars could be among the worst in the world. It expects India’s growth equilibrium to worsen substantially over the medium term, with potential growth averaging just 4.5% over 2020-2025, from its pre-pandemic projection of 6.5%. The fiscal deficit is also expected to widen 7% of GDP in 2020-21.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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