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Economy

COVID-19 impact: FY21 GDP growth pegged at 0.9%; gross market borrowings of states likely at 4.1%

Updated : May 27, 2020 02:28 PM IST

Ind-Ra expects the aggregate fiscal deficit of states to rise to 4.5 percent of the GDP in FY21 as against its earlier forecast of 3 percent.
The agency estimates a higher revenue deficit of 2.8 percent of GDP than its earlier forecast of 0.4 percent.
COVID-19 impact: FY21 GDP growth pegged at 0.9%; gross market borrowings of states likely at 4.1%

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