From the Document: "That the pandemic would push the global economy towards a recession is now loud and clear, with many global multilateral agencies marking down global growth expectations. Financial markets too are pricing in weaker growth ahead. India, which has mostly averted major damages from all sorts of large global crises in the past, seems to be withstanding the latest burst of pandemic too, as it reports far fewer infections compared with major and emerging economies. The truth, of course, will be known only in hindsight. But surely, the Indian economy is not completely insulated from the global economic shock. The effects of our own lockdown are also beginning to tell. While the pandemic has tested the nation's healthcare economy the most, the lockdown's broader impact could bring fresh challenges in the coming quarters."
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