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NCAER projects India’s GDP to contract 7.3% in FY21

NCAER projects India's GDP to contract 7.3% in FY21_50.1

The National Council of Applied Economic Research (NCAER) has projected the Indian economy to contract 7.3 per cent in FY21, compared to -12.6% forecast in September 2020. The Delhi based economic think tank released its mid-year review of the Indian economy virtually on 21 December 2020.

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