- The State Bank of India’s (SBI) Ecowrap reportestimated India’s Gross Domestic Product (GDP) growth may fall to 1% in FY21 from its earlier projections of 2.6%, with the likelihood of 1st quarter growth contracting 6% or more and 2nd quarter witnessing no growth due to the impact of the coronavirus pandemic outbreak. The FY20 GDP growth has been revised from 5% to 4.1%
