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Citi lowers India's FY21 GDP forecast to -6%; here are the top reasons for the revision

Updated : July 06, 2020 12:44 PM IST

The revision comes on the back of Citi's Q1FY21 growth being revised lower to -21 percent from -16 percent before.
For Q2FY21, it expects the growth to be around -3.9 percent.
The broad-based return of economic activity to pre-COVID levels is likely to happen in 3QFY21, it said.
Citi lowers India's FY21 GDP forecast to -6%; here are the top reasons for the revision

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