Focus Merit

Tag: GDP

Goldman Sachs drops India’s GDP growth forecast for 2020-21 to -0.4%

May 10, 2020

American multinational financial services company Goldman Sachs Group, Inc. has declared India’s GDP (Gross domestic product) growth for 2020-21 (FY21) at -0.4% due to lockdown.

DBS Bank cuts India’s FY21 GDP forecast to 1%

May 6, 2020

Singapore-based DBS Bank has slashed India’s FY21 GDP forecast to 1 per cent vis-a-vis 5 per cent projected on April 9 which is due to COVID-19.

Fitch cuts India’s GDP growth forecast to 1.8%

April 20, 2020

Fitch Solutions has cut India’s economic growth forecast to 1.8% for the financial year 2020-21.
Fitch Solutions has lowered India’s economic growth forecast from 4.6% stating the large-scale loss of income across the economy due to the domestic outbreak of COVID-19, causing contracted private consumption.

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

April 16, 2020

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.