


| India likely to be the second worst-hit economy among Southeast Asian peers |
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India is likely to suffer the second highest GDP contraction among all South East and Asia Pacific economies in FY21. If the estimated 8.1 per cent growth contraction in the Philippines makes it the highest among the subset, India’s projected 7.7 per cent deceleration places it second, followed by Thailand’s economy, which is set to shrink 6.
Posted: 2021-01-09 05:49:00
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