American Investment pioneer Goldman Sachs has predicted that India’s GDP could rise 20 per cent after the lockdown. The predictions by Goldman Sachs, stated in The Economist, have made claims about the third quarter 2020.
The GDP, which would fall in the second quarter at an annualised quarterly rate of 45 per cent, would rebound by 20 per cent in the third quarter if coronavirus lockdowns are lifted, Goldman Sachs predicted earlier this week.
“Lockdowns can only be temporary,” the report read. “This is because it is becoming clear how costly they are especially in poor countries. Part of the price is economic.”