Economy India's Q1 GDP may fall by 40%, says SBI report Updated : May 27, 2020 10:26 AM IST SBI Ecowrap report believes GDP loss in Q1FY21 will be humongous and could even exceed 40 percent. Q2 GDP numbers could witness a smart recovery and clock 7.1 percent, if the country is able to sustain the demand. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.