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Bruised Indian economy to be battered further by coronavirus, says poll


India's already-slowing economy weakened to at least an eight-year low this quarter, and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.

With the virus spreading rapidly, Prime Minister Narendra Modi announced a three-week nationwide lockdown on Tuesday which will have a huge detrimental impact on businesses. The informal sector, the backbone of the Indian economy, will be hardest hit as economic activity comes to a standstill.

“Just as everywhere else in the world, the Indian economy is bracing for the fallout (from) this unprecedented event. We expect ...


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