Lockdown Impact: India’s GDP Likely To Shrink 7.7% In 2020-21

by Rahul Gautam Jan 08, 2021 • 07:54 PM Views 523


India's GDP will shrink by 7.7% in FY 2021, which is the largest contraction of economy since 1952. The forecast is nothing short of an alarm bell as it is worse than the RBI’s assessment of India's GDP shrinking 7.5% in 2021