 "CEA K Subramanian")
It is difficult to say whether gross domestic product (GDP) growth would enter positive territory in the upcoming quarters, given coronavirus-related uncertainty, said Chief Economic Advisor (CEA) K V Subramanian on Friday.
He said that government was “cautiously optimistic” as most indicators across sectors have shown improvement in the second quarter (Q2) of fiscal year 2020-21 (FY21) compared to Q1.
“The uncertainty in economic outlook is due to the Covid-19 pandemic. The GDP estimates are more encouraging than what was anticipated by most commentators. (However) I would urge caution, especially given the winter months,” he said in a
He said that government was “cautiously optimistic” as most indicators across sectors have shown improvement in the second quarter (Q2) of fiscal year 2020-21 (FY21) compared to Q1.
“The uncertainty in economic outlook is due to the Covid-19 pandemic. The GDP estimates are more encouraging than what was anticipated by most commentators. (However) I would urge caution, especially given the winter months,” he said in a
