“The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year,” it said in its outlook on the Indian economy.
The Analytical Brief finds that the scarcity of data remains a key challenge. Because the systematic collection of gender-disaggregated data is still not the norm.
“The very attempt at imposing one nation’s will is going to produce a backlash just as most Asian countries like China fought off colonial powers. So they are not going to simply accept the attempted domination by any new power in Asia,” he said.
Asserting that the US has never been more supportive of India’s security, Pompeo said New Delhi too, is an important partner and a key pillar of President Trump’s foreign policy.
India has become the second most affected country in the world with over 1.12 million cases registered till now.