With few signs of success after the onslaught of coronavirus, the government is now facing the daunting task of bringing Asia's third-largest economy back to positive growth. India's GDP plunged 23.9 percent in the April-to-June quarter, the biggest decline since records began in 1996. The Goldman Sachs Group estimates a 14.8 per cent contraction in India’s GDP for the year through March 2021. The IMF's latest estimate predicts the economy will dive 10.3 per cent in 2020, compared to the US' negative 4.3 per cent contraction and China's positive 1.9 per cent growth.