NCAER sees GDP growth at 6.2% on flat agriculture gross value added

The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%

Economic think tank NCAER (National Council of Applied Economic Research) expects the agriculture gross value added (GVA) to remain flat in 2019-20, pulling down the country’s economic growth rate to 6.2 per cent in FY20, from 6.8 per cent in FY19.  The NCAER’s projection for the economic growth rate is the lowest among the various estimates that have come so far. The IMF projected the growth rate at 7 per cent for FY20, while the World Bank saw it at 7.5 per cent. The country’s official projections also stand at 7 per cent. The NCAER projected industrial growth rate at