India's GDP to suffer 4% permanent loss due to coronavirus outbreak: Crisil
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According to Crisil Research, the ongoing economic disruption due to Covid-19 is likely to result in a permanent loss of 4% of the GDP for India. In other words, as time goes by, while the economy is likely to recover there will be a certain amount of economic activity that will not be recovered and this is estimated to be 4% of GDP. Dharmakirti Joshi, Chief Economist at Crisil called it worst than 2008 Global Financial Crisis.
