India forecasts 7.7pc GDP contraction in 2020-21

NEW DELHI: The Indian government said on Thursday it expects the economy to contract 7.7pc in the fiscal year ending in March, compared to 4.2pc growth a year earlier.

Many private economists have upwardly revised their forecasts on India to a contraction in the range of 7-9.5pc for the 2020/21 fiscal year, after the central bank revised its estimate to 7.5pc.

1 COMMENT

Comments are closed.

Must Read

PM directs committee constitution to consult provinces on carbon credits policy

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to constitute a committee for consultation with the provinces for policy-making on guiding principles for carbon credits. While...