World Bank sees India's GDP growth at 1.5-2.8%, lowest since 1991 crisis

Warns social distancing to be a challenge among migrant workers, slum dwellers

The World Bank has scaled down India’s gross domestic growth (GDP) growth projection to 1.5-2.8 per cent for the current fiscal year, which would be the lowest economic expansion since the balance of payments crisis of 1991-92, as Covid-19 is dragging down activities in the already slowing economy. It had earlier projected the growth to be 6.1 per cent for 2020-21.

In its South Asia Economic Update, the Bank warned that migrant workers and conditions in slum areas would make it challenging to adopt social distancing norms to arrest the spread of deadly coronavirus.

The publication, brought before the spring