Coronavirus will impact India's economic growth "severely", as the COVID-19 lockdown is causing significant disruption across multiple sectors, including manufacturing, oil and finance, among others, says a report.

On India's economic growth, Singh said, "given the 21-day lockdown in India, India's GDP growth is expected to moderate further from our earlier estimate of 5 percent for FY20.

As per the report, lockdowns and restrictions on commercial activities and people gatherings are likely to strongly impact global and domestic growth from March 2020 onwards.

Singh further said accurate quantitative estimation of economic growth will vary and has a high probability of being revised as the severity and prevalence of the outbreak remains uncertain.

D&B expects the CPI inflation to remain in the range of 6.5-6.7 percent and WPI inflation in the range of 2.35-2.5 percent during March 2020. | To read full story, visit https://startuparound.com/read/1585213211.9372466/Coronavirus-to-impact-India's-economic-growth-"severely":-D&B?ref=audio_experience