Current Affairs - Economy - Discussion

According to the Moody's Global Macro Outlook report for June 2020, there will be a contraction of 3.1 % in India's gross domestic product (GDP) in 2020 & expects a change in geographical conditions in Asia due to tensions at the border between India and China. The slight relief for India is that GDP will reach the level of 6.9% in 2021. Till then, there will be a slow recovery in the Indian economy.