HomeNewsEconomyNSO predicts Indian economy to contract by 7.7% in 2020-21

NSO predicts Indian economy to contract by 7.7% in 2020-21

NSO predicts Indian economy to contract by 7.7% in 2020-21

As per the National Statistical Office (NSO), the Indian Economy will contract 8% for 2020-21.

  • The government had forecasted a GDP contraction of 7.7 per cent in its first advance estimate.
  • As per the 3rd quarter GDP data, the Indian economy came out of the recession and expanded by 0.4 per cent.

Also Read: ICRA estimates the Indian GDP to contract 7% in FY21

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