India’s GDP to contract 8% in fiscal year 2020-21: FICCI Survey
- The gross domestic product (GDP) of India is expected to contract by 8 percent in 2020-21, according to the latest Economic Outlook Survey of FICCI.
- Apart from this, FICCI expect the economy to perform much better in financial year 2021-22 with GDP growth rate of 9.6 percent in FY22.
Source: Business Standard
Points to Remember:
- What is the GDP of India in FY 21 as per FICCI Survey?
- What is the GDP of India in FY 22 as per FICCI Survey?