India Development Update, July 2020

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/34367

关键词：

CORONAVIRUS;  COVID-19;  PANDEMIC IMPACT;  ECONOMIC GROWTH;  EXTERNAL SECTOR;  INFLATION;  FISCAL TRENDS;  MONETARY POLICY;  PUBLIC FINANCE;  ECONOMIC OUTLOOK;  TRADE POLICY;  DISTRIBUTIONAL IMPACT;  FINANCIAL SECTOR;  ELECTRICITY CONSUMPTION;  Report;  Rapport;  Informe; 

年份：

2020

出版地：

Washington,USA

语种：

English

摘要：

The pandemic has afflicted India at a time when its economy had already been decelerating. Defying a long-term accelerating path, real GDP growth moderated from 7.0 percent in 2017-18 to 6.1 percent in 2018-19 and 4.2 percent in 2019-20. The pre-COVID-19 growth deceleration was perceived to be due to long-standing structural rigidities in key input markets; continuing balance sheet stress in the banking and corporate sector, which were compounded more recently by stress in the non-banking segment of the financial sector; increased risk aversion among banks and corporates; a decline in rural demand; and a subdued global economy.