India makes a great leap backwards

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9 July 2021 à 16h47

Updated on 19 July 2021 à 13h42

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1 minute

Publication: 9 July 2021 à 16h47, Updated on 19 July 2021 à 13h42

Reading time: 1 minute

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Publication

9 July 2021 à 16h47

Updated on 19 July 2021 à 13h42

Reading time

1 minute

Publication: 9 July 2021 à 16h47, Updated on 19 July 2021 à 13h42

Reading time: 1 minute

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For 2021, the public group State Bank of India expects India’s G.D.P. to grow by only 7.9%. This brings India, more or less, back to a 2019 level.

The reversal has been dramatic: job losses, payment defaults, falling savings, record mortgage rates on jewelry. According to the Centre for Monitoring Indian Economy (175,000 households surveyed), 97% of respondents have seen incomes drop since March 2020. According to Bangalore University (Azim Premji), Covid-19 had pushed 230 million In

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