Goldman Sachs forecasts worst recession for India, sees GDP fall by 5% in FY21

According to Goldman Sachs, the aggregate discretionary component of fiscal support announced by finance ministry, including Rs 1.7 lakh crore package announced in March, stands at 1.3 percent of GDP (Rs 2.7 lakh crore), “much smaller than the aggregate figure of 10 percent of GDP (Rs20 lakh crore) announced by the Prime Minister