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Is it finally time to upgrade GDP forecasts? Some data suggests so

Updated : October 07, 2020 16:36:45 IST

FY21 is half done and the macro data available till now shows the hits to the economy because of the coronavirus pandemic. However, there are also the first signs of revival.

After the country's economy contracted by a record 23.9 percent in April-June quarter, real GDP for FY21 is expected to shrink by 10.9 percent, according to State Bank of India's research report - Ecowrap.

Credit Suisse is making a case for GDP upgrades soon. Is it possible for us to do so? CNBC-TV18’s Latha Venkatesh takes a look at the macroeconomic data available so far and tries to analyse the suggestion.

Watch the video for more.
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