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Three Facts with AKB: Now, FY21 GDP contraction is nearly certain for India

In order to avoid a negative growth in full FY21, India will need to see real GDP growth of over 15% in each of the two remaining quarters. That may not be possible in the present economic scenario

GDP data | India GDP | Gross Domestic Product (GDP)

BS Web Team 

The rate of India’s GDP contraction in the July-September quarter of 2020-21 has come down to a respectable 7.5 per cent, after an unprecedented 24 per cent contraction in the previous quarter. While this is a positive sign, reflecting the onset of an economic revival, it’s not all good The bad is that now it is almost impossible for the country to register a growth in GDP this financial year. In order to avoid a negative growth in full 2020-21, India will need to register a real of over 15 per cent in each of the two remaining quarters. That may just not be possible in the present economic scenario.

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First Published: Fri, November 27 2020. 21:30 IST