India  
 
NewsR.in

Real GDP likely to decline by 9.5% in FY 2021: RBI

Video Credit: ANI - Duration: 01:21s - Published
Real GDP likely to decline by 9.5% in FY 2021: RBI

Real GDP likely to decline by 9.5% in FY 2021: RBI

The Governor of Reserve Bank of India (RBI), Shaktikanta Das on October 09 announced that Gross Domestic Product (GDP) is expected to decline by 9.5% in 2021.

"For the year 2021, real GDP is expected to decline by 9.5% with risks tilted towards the downside," said Shaktikanta Das, RBI Governor, while addressing a press conference.

"Our assessment is that inflation will remain elevated in September but ease gradually towards the target over Q3 and Q4.

Our analysis also suggests that supply disruptions and associated margins and markups are the major factors driving up inflation," Shaktikanta Das added.


You Might Like


Related videos from verified sources

RBI monetary policy- Key rates unchanged, GDP likely to contract by 9.5% [Video]

RBI monetary policy- Key rates unchanged, GDP likely to contract by 9.5%

RBI monetary policy- Key rates unchanged, GDP likely to contract by 9.5%

Credit: LiveMint     Duration: 05:39Published
RBI: India's GDP to contract 9.5 per cent in the 2020-2021 financial year|Oneindia News [Video]

RBI: India's GDP to contract 9.5 per cent in the 2020-2021 financial year|Oneindia News

As the raging Coronavirus Pandemic continues to impact the Indian economy, RBI Governor Shaktikanta Das said today that the country's economy is likely to contract 9.5 per cent in the current financial..

Credit: Oneindia     Duration: 01:07Published
RBI monetary policy: Key rates unchanged, GDP likely to contract by 9.5% [Video]

RBI monetary policy: Key rates unchanged, GDP likely to contract by 9.5%

The Reserve Bank of India has announced that key interest rates will remain unchanged and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. β€˜The..

Credit: HT Digital Content     Duration: 05:38Published