![Economic growth may drop to 1.1% in FY21, says SBI report GDP](https://focusmerit.com/wp-content/uploads/2020/03/UBS-lowers-India’s-FY21-real-GDP-growth-forecast-from-5.1-to-4.jpg)
- 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.