Signs Of Recovery: RBI Projects GDP Growth For FY21 At -7.5%

by Rahul Gautam Dec 04, 2020 • 06:41 PM Views 924

Buoyed over growth in the manufacturing and agriculture sector in the July-September quarter of the current fiscal, the RBI has said the Indian economy is likely to contract 7.5% in FY21, compared to its earlier 9.6% forecast. The RBI revised its own outlook in view of the latest positive figures of GDP, released by the National Statistical Office