New Delhi (Media Bureau) Industry body CII believes that the lockdown caused by the corona virus is having a devastating effect on the economy and even in the best case scenario, India’s economic growth rate could be as high as 1.5 per cent in the current financial year.
The Confederation of Indian Industry (CII) has projected this in a report titled ‘A Declaration for Economic Recovery’, which estimates the growth rate in three conditions as the worst in the current financial year. Is projected to decline by up to 0.9 per cent, while in the best case scenario, economic growth could reach 1.5 per cent.
According to the CII report, the movement of goods and other people is expected to remain closed even after the end of the lockdown. The rate could remain at 0.6 per cent
