Forecasts for Q3, Q4, and the full year 2020-21 have been revised to 0.1%, 2% and (–) 7.3% respectively
The National Council of Applied Economic Research (NCAER) has revised upward its gross domestic product (GDP) projection for FY21 to 7.3% contraction from the 12.6% dip estimated in September with the expectation that the economy will register marginal growth in the December quarter.
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