• SENSEX
    NIFTY 50
VIDEOS
Economy

India GDP: World Bank sees 9.6% contraction in FY21

Updated : October 08, 2020 14:55:13 IST

World Bank estimates that India’s growth will contract sharply by 9.6 percent in FY21 in the base case scenario and this is largely reflective of the economic impact of the lockdown and the income shock that has been experienced both by households and firms.

It says there are a lot of uncertainties still with regards to the outcome of the pandemic, but growth is expected to rebound to 5.4 percent levels in FY22.

 

Watch the 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