Mumbai. If it takes more days for the vaccine to come, it can have a direct impact on India's economy. According to international broking company Bank of America Securities, if the vaccine takes longer to arrive, the Indian economy is expected to shrink by 7.5 per cent in 2020-21. However, if the circumstances remain as expected, then the broking company has estimated a four percent decline in the Indian economy.

Within a week, the economists of the company have changed their estimate about the real GDP growth of the country. According to the report, due to the decline in economic activity in the country, if the situation remains as expected, the economy can still shrink by 4 percent. However, earlier many analysts have predicted the Indian economy to fall by five percent during the current financial year.

The report says that efforts are being made at several levels, both internationally and domestically, to find the coronavirus vaccine. However, no timeframe has been announced for the preparation of the vaccine. The report said, "If the global economy has to wait for a year for the Covid-19 vaccine, the country's real GDP could fall by 7.5 percent."

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