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Finance Ministry sees FY21 economic growth at 2-3% amid Covid-19 outbreak

The internal projections of 2-3% are based on the Finance Ministry's current assessment of the economic impact of the nationwide lockdown, which is in its sixth week

Topics
Lockdown | Finance Ministry | Coronavirus

Arup Roychoudhury  |  New Delhi 

The Centre is yet to announce its new economic growth and budgetary estimates for 2020-21 (FY21) in light of the Covid-19 pandemic and the resultant lockdowns. But the Finance Ministry is internally projecting FY21 GDP growth to be around 2-3 per cent, down from the 6-6.5 per cent predicted in the 2019-20 Economic Survey, Business Standard has learnt.

The new projections were said to be given by Chief Economic Advisor Krishnamurthy Subramanian in a presentation he made to the 15th Finance Commission’s advisory council. The council, comprising Finance Commission members, ...

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First Published: Sun, May 03 2020. 19:42 IST
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