Tag Archives: India’s gross domestic product

Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …

NEW DELHI: India’s gross domestic product (GDP) growth for the first quarter (ended June 30) of the 2020-21 financial year saw the largest quarterly decline of 23.9%, data released by the government on Monday. The sharp contraction in GDP figures is mainly due to the closure of business activity during …