GDP: Enhance vs ranges
India’s GDP is unlikely to get better to its 2019-20 level till the 2d half of of 2021-22
Topics
GDP | Tainted home product | Coronavirus
In my article closing month (“The lockdown hammer”, Industry Identical previous, Would possibly also simply 14) I supplied two instances of trusty GDP exclaim for the length of FY 2020/21, one yielding (-) 11 per cent and the opposite (-) 14 per cent in the fat fiscal Three hundred and sixty five days, with the concern being concentrated in the first quarter, amounting to (-) 25 per cent and (-) 33 per cent, respectively.
For the time being I felt rather lonely, with the IMF, the World Bank, most funding banks and credit ranking companies and costly extinct finance ministry quiet clustering their FY 2020-21 exclaim projections in the 0-2 per cent sure vary. In the …
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First Printed: Thu, June 11 2020. 00: 01 IST