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India’s Double-Digit Growth Forecast in Peril

  • Many economists see Indian economy posting double-digit growth
  • New infections topping 300,000 daily is a risk to that outlook
Stores are closed during a lockdown in New Delhi on April 23.
Stores are closed during a lockdown in New Delhi on April 23.Photographer: Anindito Mukherjee/Bloomberg
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Just two weeks ago, the International Monetary Fund upgraded India’s economic growth forecast to 12.5% -- the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt.