Business Standard

Near zero GDP today, among fastest growing next year: FM on Indian economy

GDP to be flat in FY21, FDI inflow up 13 per cent between April to August 2020, compared to 2019

Nirmala Sitharaman
Premium

Finance Minister Nirmala Sitharaman hopes the festive season will push consumer demand

Shine Jacob New Delhi
Union Finance Minister Nirmala Sitharaman on Tuesday said the growth rate of the country’s gross domestic product (GDP) might be “near zero” this fiscal year.
 
However, with signs of economic revival, India might well be one of the fastest-growing large economies in the next fiscal year, she said, while addressing the CERAWeek India Energy Forum.
 
Sitharaman’s comments come at a time when the International Monetary Fund (IMF) has projected India’s GDP to contract 10.3 per cent this fiscal year, revised from its forecast of a 4.5 per cent decline in June.
 
India’s was the fastest-growing large economy

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

First Published: Oct 27 2020 | 6:55 PM IST

Explore News

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

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com