MUMBAI: Meteorologists are revising their projection for the current prosecutor GDP growth after better than expected figures for the second bedroom. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies such as the IMF expected the economy to contract by 10%. …
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The International Monetary Fund (IMF) projected on Tuesday that India’s gross domestic product (GDP) would plunge in fiscal year 21 by 10.3%, revised down from its June forecast of a 4.5 drop. %, which reflects a severe contraction of what was anticipated in economic activities in the first year. quarter …
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A small positive economic growth in 2020-21 may not be ruled out as sectors such as agriculture and essential goods and services were fully operational in the first quarter despite the coronavirus-induced lockdown, according to a document written in co-authored by former RBI Governor C Rangarajan. Rangarajan and India’s EY …
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