Former RBI governor Duvvuri Subbarao said the economy may rebound to 5% in the next financial year. "The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," Subbarao said. The Indian economy is expected to contract by 5% in the current financial year.
Former RBI governor Duvvuri Subbarao said the economy may rebound to 5% in the next financial year. "The reason I say that is because this (COVID-19) is not a natural disaster. Our factories are still standing, our infrastructure and transport systems are still there," Subbarao said. The Indian economy is expected to contract by 5% in the current financial year.
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