OECD cuts India’s GDP growth to 5.1% from 6.2% for 2020

OECD cuts India’s GDP growth to 5.1% from 6.2% for 2020
OECD cuts India’s GDP growth to 5.1% from 6.2% for 2020

OECD cuts India’s GDP growth to 5.1% from 6.2% for 2020

Global agency Organisation for Economic Cooperation and Development (OECD) in its report titled “OECD Interim Economic Assessment Coronavirus: The world economy at risk” lowered its India's GDP growth forecast to 5.1 per cent from the earlier projection of 6.2 per cent for 2020 on concerns of impact of deadly Coronavirus on the domestic as well as the global economy.

For the financial year 2020-21 India's real GDP growth is expected at 5.1 per cent during the fiscal year starting April 1, 2020 and improve to 5.6 per cent in the following year.

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