![NCAER forecasts India’s GDP growth at 1.3% in FY21 GDP](https://focusmerit.com/wp-content/uploads/2020/03/GDP-300x200.jpg)
- National Council of Applied Economic Research (NCAER) announced the Indian economy could be developing at 1.3% in FY21 as a base case scenario. This prediction is based on the incorporation of the monetary and fiscal stimulus measures undertaken by the Reserve Bank of India (RBI) and the central government.