Chennai: Among the emerging nations, India seems to be the worst affected by the Covid-19 pandemic as the strength of the economy has deteriorated the most in India in the first half of 2020, finds a study.
The Investors’ Macro Ratings Index, which looks at investors’ perception of the economy based on parameters like real GDP growth, inflation, fiscal deficit and bank credit, has deteriorated in all the emerging economies, as per a report by Motilal Oswal Financial Services. However, India was the most affected in the first half and Taiwan was the least affected. The study examined macro-economic parameters in emerging economies like India, Brazil, China, Indonesia, South Korea, Malaysia, Russia, South Africa, Taiwan and Thailand.
As per IMF’s projection, India’s real GDP growth is expected to contract 10.3 per cent in 2020, which is the highest contraction among…