January 2021 \ Business & Investment \
GDP growth will be positive

India’s GDP growth will turn positive ...

The Reserve Bank of India (RBI) has revised the real GDP growth projection for FY21 upwards to (-) 7.5 per cent on the back signs of faster recovery after the narrowing of the GDP contraction for the July-September, along with hopes of Covid-19 vaccines.

This is an upward revision from the earlier estimate of (-) 9.5 percent. Post the last MPC meet, RBI Governor Shaktikanta Das had said that the growth will enter a positive zone in the third quarter of current fiscal with projection that GDP may grow at 0.1 percent and the growth will further improve in Q4 to 0.7 percent.




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