Real GDP likely to contract by 10.9 per cent in FY21: SBI

After the country’s economy contracted by a record 23.9 per cent in April-June quarter, real GDP for FY21 is expected to shrink by (-) 10.9 per cent, according to State Bank of India’s research report – Ecowrap.
It had earlier estimated real gross domestic product (GDP) at (-) 6.8 per cent for the FY21.