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

King Charles opens up about ‘sanctuary’—It’s not what you’d expect

King Charles has offered a rare glimpse into his beloved Highgrove estate as he embraced the festive spirit ahead of Christmas. The 76-year-old monarch hosted...

24-12-16 ISB