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

Punjab Police cautions public against spreading fake news, AI memes, content

Police spokesperson says Article 19 of Constitution guarantees freedom of expression, which can’t be misused as a pretext to malign institutions Sargodha Laksian...