Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20

Icra has projected the eocnomy to grow by 1.9 per cent in the fourth quarter against 5.8 a year ago and and 4.3 per cent in 2019-20 against 6.1 per cent in 2018-19.

Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number. 

The second estimates came in on February 28. After that, there was a lockdown of roughly ten days in March. 
 

 

“The sudden pause in economic activity