India’s GDP may contract 7.7% in FY21: Govt data
The first advance estimates of growth released by the government indicate that the GDP is likely to contract 7.7 per cent in the current fiscal year. The 7.7 per cent contraction is a big blow to the economy when compared with the 4.2 per cent growth recorded in 2019-20.
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India s GDP is expected to contract 7.7 per cent in 2020-21. (Photo: Reuters)
The first advance estimates of economic growth released by the government show that the economy is likely to contract 7.7 per cent in the current fiscal year. The 7.7 per cent contraction is a big blow to the economy when compared with the 4.2 per cent growth recorded in 2019-20.
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