Indian economy on course for full-year contraction: DBS Bank economist

The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown

The Indian economy is on course for a full-year contraction this fiscal, as recovery prospects from Covid-19 related disruptions remain "clouded", according to DBS Bank India economist Radhika Rao.

The comments came amid the release of key data that showed India's GDP growth tumbling to 3.1 per cent in the March quarter -- the slowest pace since the global financial crisis more than a decade back.

In 2019-20, the Indian economy grew by 4.2 per cent, the slowest in 11 years.

Commenting on the GDP