IMF confirms India’s GDP worst-hit among G20 | India News – Times of India

NEW DELHI: A tweet put out by the IMF’s chief economist Gita Gopinath confirmed that the Indian economy saw the steepest contraction in the June quarter among G20 countries. “In #GreatLockdown Q2 2020 GDP growth at historical lows. Graph puts G20 growth numbers on a comparable scale, quarter-on-quarter non-annualized. Should expect rebounds in Q3 but 2020 overall will see major contractions. China recovers strongly in Q2 after collapse in Q1,” the tweet read.