You are here: Home » Economy & Policy » News
Business Standard

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

Topics
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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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