India May Fall Into First Recession Since 1980, DBS Bank Says

The transcript discusses the economic challenges India faces due to COVID-19, including stringent lockdowns and their impact on GDP. It forecasts a significant economic contraction in 2020, with severe declines in trade and employment. The agricultural sector remains a potential cushion, but non-farm activities are heavily affected. The plight of migrant workers is highlighted, with government efforts to address their needs. The Reserve Bank of India and government have implemented fiscal measures, but more targeted support is anticipated to mitigate the economic downturn.

In what ways can the agricultural sector provide support during the economic downturn?

What measures are being taken to support employment for migrant workers?

What fiscal measures are suggested to boost growth in the economy?