Covid-19: India FY21 growth projection down 20 bps to 4.8%, says UN report

India's GDP growth for the fiscal year 2019-2020 was estimated at 5 per cent and is forecast to slow down to 4.8 per cent for the current fiscal 2020-21.

India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said. It also warned that the Covid-19 pandemic is expected to result in significant adverse economic impact globally.

The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects in trade, tourism and financial linkages.

India's GDP growth for the fiscal year 2019-2020 was estimated at 5 per cent and is forecast to slow down to 4.8