Daily Current Affairs on India's GDP to contract by less-than-expected 7.3% in FY21: SBI for IBPS RRB - Officers Exam Preparation

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India's GDP to contract by less-than-expected 7.3% in FY21: SBI

Current GK (IBPS RRB-PO) Growth and development
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India's GDP to contract by less-than-expected 7.3% in FY21: SBI
  • India’s gross domestic product (GDP) is likely to expand by 1.3 per cent in January-March quarter of financial year 2020-21, thereby leading to a less-than-expected 7.3 per cent contraction during FY21, according to SBI, which had earlier projected the full year contraction to be 7.4 per cent.
  • The Central Statistics Office (CSO) had projected 8 per cent GDP contraction in FY21.
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