• SENSEX
    NIFTY 50
VIDEOS
Business

India FY21 GDP likely to contract 12.6%, says NCAER’s Mundle

Updated : September 28, 2020 01:46 PM IST

India’s GDP is likely to contract 12.6 percent for this fiscal, Sudipto Mundle, Distinguished Fellow, National Council of Applied Economic Research told CNBC-TV18 in an interview. He said the economy was likely to resume growing only from the first half of next fiscal. He said that certain high frequency indicators like e-way bills, electricity consumption were showing a recovery, the contraction of the first quarter of this fiscal is too large to be offset.

Watch video for more
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement