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Goa likely to see steepest contraction in economy in 2020-21, shows data

India Ratings and Research expects the gross state domestic product (GSDP) of all states in India to contract in FY21

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Goa | Coronavirus | Lockdown

Indivjal Dhasmana  |  New Delhi 

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The contraction will be in the range of 1.4-14.3%.

is likely to witness the steepest contraction in the economy in 2020-21, followed by Gujarat, according to projections by India Ratings and Research. The agency expects the gross state domestic product (GSDP) of all states in India to contract in FY21, which witnessed since March 25, eased in phases from the middle of April. The contraction will be in the range of 1.4-14.3%.

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First Published: Tue, June 30 2020. 00:07 IST