Prospects dim for FY21 too, GDP growth may not go beyond 6%: Economists

Economists believe the upcoming union Budget will play a critical role in reviving economic growth, which might anyway not go beyond six per cent even in the best case scenario in financial year 2020-21 (or FY21). Advance estimates, released Tuesday, pegged economic growth at 5 per cent for FY20,  

Former chief statistician Pronab Sen said economic revival depends on what the government does in the Budget. When asked whether the measures already taken by the government such as cut in corporation tax rate would perk up growth, Sen said lower tax rates would not have an impact on economic growth.