Forecasters raise GDP projections after Q2 rebound

Forecasters are revising upwards their projection for the current fiscal’s GDP growth after better-than-expected numbers for the second quarter. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies like the IMF were expecting the economy to shrink by 10%. The RBI is widely expected to continue with its accommodative stance.



November 30, 2020 at 01:20AM