Home / Economy / News / GDP growth seen at 1.2% for Q4 FY20, pulled down by lockdown: SBI report

GDP growth seen at 1.2% for Q4 FY20, pulled down by lockdown: SBI report

According to the SBI's research report Ecowrap - the GDP growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21

Premium

The loss is maximum (around 50 per cent) in red zones and where almost all the big districts of the country are located.

BS Web Team Agencies New Delhi

3 min read Last Updated : Jun 25 2020 | 1:13 PM IST

India's economy is estimated to have grown at 1.2 per cent in the last quarter of the previous fiscal as economic activity came to a standstill due to the nationwide lockdown to contain the spread of the coronavirus, said the State Bank of India (SBI) on Tuesday in a report.

According to the SBI's Ecowrap report, Gross Domestic Product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21. The fourth-quarter GDP growth number for FY20 will be announced by the National Statistical Office (NSO) on May 29.

In the third quarter of

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in