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India's real GDP is expected to contract by 7.7% in 2020-21 as compared to 4.2% growth in 2019-20, the government said on Thursday. The contraction is steeper than a 7.5% drop forecasted by the Reserve Bank of India. The GVA of agriculture and allied sector is expected to grow at 3.4% in 2020-21 as compared to 4.0% in 2019-20.
India's real GDP is expected to contract by 7.7% in 2020-21 as compared to 4.2% growth in 2019-20, the government said on Thursday. The contraction is steeper than a 7.5% drop forecasted by the Reserve Bank of India. The GVA of agriculture and allied sector is expected to grow at 3.4% in 2020-21 as compared to 4.0% in 2019-20.
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