Focus Merit

Economic growth may drop to 1.1% in FY21, says SBI report

  • India’s GDP growth may fall to 1.1 percent in the current financial year, on account of the impact of COVID-19 outbreak on the economy, a research report by SBI.
  • The economic growth rate during 2019-20 is expected to come down to 4.1 percent from 5 percent projected by several agencies before the outbreak COVID-19.