NSO expects Indian economy to contract by 8% in 2020-21
- The GDP growth of India during 2020-21 is estimated to contract 8 percent, as per the second advanced estimates projected by the National Statistical Office (NSO). This was 4.9 percent in 2019-20.
- NSO had projected a GDP contraction of 7.7 percent in its first advance estimate.
Source: Business Standard