NCAER projects India’s GDP to contract 7.3% in FY21

NCAER projects India’s GDP to contract 7.3% in FY21

• The National Council of Applied Economic Research (NCAER) has projected the Indian economy to contract 7.3 percent in FY21, compared to -12.6% forecast in September 2020. 
• The Delhi based economic think tank, released its mid-year review of the Indian economy virtually on 21 December 2020.

Points to Remember:

1. GDP of India in FY21 as per NCAER?
2. Where is the headquarter of NCAER based?