as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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write a report on the current economic situation in india.
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india is currently facing an economic crisis due to the ongoing coronavirus pandemic. lockdown measures have caused a disruption to trade and commerce, leading to a dramatic downturn in the economy. the indian government is attempting to revive growth with stimulus packages, but the estimates for economic growth still remain meagre. the international monetary fund has forecasted contraction in gdp for the fiscal year 2020-21.
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