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NEW DELHI, 8 September (Reuters) – India’s economy is expected to contract 11. 8 from the fiscal year from April, before recovering in the next fiscal year, India Ratings and Research, a national branch of rating firm Fitch, said Tuesday.

“All indicators, mobility or consumption, point to a much weaker economic recovery,” Sunil Kumar Sinha, his leading economist, said at an online conference.

Previously, India Ratings had predicted that the economy would contract by 5. 3%.

India’s economy fell by 23. 9% in the Quarter from April to June, more than expected, a sign that the recovery may be longer than expected, and analysts call for additional stimulus (report via Manoj Kumar; edited through Clarence Fernandez).