Business Standard

India's growth rate may dip to -6 to -9% in current fiscal, says Swamy

Swamy said he wrote letters to Prime Minister Narendra Modi on several occasions in the past pointing out the incipient economic slowdown

Subramanian Swamy

I wrote a letter in 2015 that the growth rate will start declining... Every year we have been declining," he added.

Press Trust of India Hyderabad
India's growth rate may plunge to -6 to -9 per cent during the current financial year due to Covid-19 pandemic and may bounce back next fiscal if correct policies were worked out, BJP leader and Rajya Sabha MP Subramanian Swamy said on Thursday.

"Economy has collapsed in the last four to five years. What has happened is that the Covid-19 pandemic has sharpened the decline. Now you will find between 6 per cent and 9 per cent negative growth by the end of this financial year," Swamy said.

He took part in a virtual meeting organised by Indo American Chamber

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 23 2020 | 10:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to