Barclays Projects India’s GDP at -6.4% in FY21

Barclays has revised down its GDP forecast for India in the current fiscal year 2020-21 (FY21) to – 6.4% from its earlier estimate of – 6%. However, Barclays has raised its FY22 (2021-22) growth forecast to 8.5 per cent from 7 per cent.

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