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Despite Signs Of Recovery, Economy Will Take About 3 Years To Reach Pre-COVID Levels: SBI

by Rahul Gautam Dec 20, 2020 • 02:00 PM Views 349

Despite signs of early economic recovery, the country's largest bank, State Bank of India, has scaled up its projections for GDP growth from (-) 10.9% to (-) 7.4% for FY 2021. However, it will take about 3 years (seven quarters) from the fourth quarter of FY21 for GDP to reach the pre-COVID levels