A person wears a bandana as a mask while seated in a meat shop during a lockdown imposed due to the coronavirus in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
(Bloomberg) -- A precipitous recession in India is inevitable, according to Bloomberg Economics. A lockdown -- initially set to last three weeks to April 14 -- has been extended until May 3. BE now expects GDP to drop 25% from a year earlier in the current quarter.