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Economy

GDP forecast watch: Fast pace recovery prompts quick revision in estimates

Updated : November 20, 2020 01:58 PM IST

SBI has revised India’s Q2FY21 GDP forecast. It now expects a contraction of 10.7 percent from an earlier estimate of 12.5 percent.
A meaningful rebound in economic activity will happen from 2021 itself, Goldman Sachs said, adding that consumer-facing services sectors will stage a faster recovery.
GDP forecast watch: Fast pace recovery prompts quick revision in estimates

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