India Development Update, July 2020

World Bank

World Bank, Washington, DC

关键词: CORONAVIRUS;    COVID-19;    PANDEMIC IMPACT;    ECONOMIC GROWTH;    EXTERNAL SECTOR;   

RP-ID  :  151554

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The pandemic has afflicted India at atime when its economy had already been decelerating. Defyinga long-term accelerating path, real GDP growth moderatedfrom 7.0 percent in 2017-18 to 6.1 percent in 2018-19 and4.2 percent in 2019-20. The pre-COVID-19 growth decelerationwas perceived to be due to long-standing structuralrigidities in key input markets; continuing balance sheetstress in the banking and corporate sector, which werecompounded more recently by stress in the non-bankingsegment of the financial sector; increased risk aversionamong banks and corporates; a decline in rural demand; and asubdued global economy.