India's GDP Growth Slips Back To 2017 Level
After the World Bank, now the Reserve Bank has said that the country's economy is expected to shrink by 9.5 per cent in FY 2020-21. Earlier, the World Bank had estimated India's economy to shrink by 9.6 percent. According to the report, due to the COVID-19 pandemic, the country has lagged behind on the development front. The economic growth rate already hit a historic low of about -24 percent. Whereas, the latest RBI report shows that India's current economy has slipped back to 2017 level.