This is the first numerical estimate from the RBI of Indian economy registering a negative growth this fiscal
The World Bank's estimate comes as other houses have estimated that India will witness double-digit contraction in FY21
Five research houses have downgraded their previous predictions for the Indian economy for FY21 after first quarter GDP...
The decline, for the period from April to June, captures the damage to Indian economy during the COVID-19 lockdown
The BJP graphic shows 1.9% as per the IMF's April outlook; with the IMF's June update revising this estimate to -4.5%.
COVID-19 stressed borrowers would be eligible for a relief mechanism, as part of a set of announcements by the RBI
Here's all you need to know about the third press interaction by the RBI governor during the lockdown
The RBI has further permitted all lending institutions to grant a moratorium of three-months on loan repayments