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RBI projects GDP growth for 2020-21 at -7.5 percent

Video Credit: ANI - Duration: 01:40s - Published
RBI projects GDP growth for 2020-21 at -7.5 percent

RBI projects GDP growth for 2020-21 at -7.5 percent

Addressing the media in Mumbai on December 04, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has predicted the real GDP growth for the year 2020-2021 at minus 7.5 percent on account of the COVID-19 pandemic.

Das said, "The real GDP growth for 2021 is projected at minus 7.5%.

The recovery in rural demand is expected to strengthen further while urban demand is also gaining momentum." "We are projecting GDP growth for Q3 at +0.1% and +0.7% for Q4,' RBI Governor added.


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