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Indian Business Outlook Is the Worst in the World, IHS Says

Daily Life in Mumbai as Virus Overwhelms City and Roils India's Economy
Photographer: Dhiraj Singh/Bloomberg

Indian business sentiment turned negative for the first time in more than a decade, reflecting pessimism on activity and profits following the coronavirus outbreak.

The business activity net balance fell sharply to -30% in June, from +26% in February, according to IHS Markit India Business Outlook survey results released Monday. This was the lowest reading on record and the first time that a negative outlook has been signaled since the series began in late-2009, IHS said.