‘According to a study by GIFT, Kerala economy will shrink by 10.13% even if ..’

Thomas Isaac – Finance Minister of Kerala:

  • According to a study by GIFT, Kerala economy will shrink by 10.13% even if the normalcy is restored after within 3 months of lock-down.
  • If recovery takes 6 months, GSDP growth will decline by -13.56%.
  • This will be the sharpest recession after the formation of the state in 1956

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