Tag: SBI’s Ecowrap

IGDP growth rate may fall sharply to 2.6 % in 2020-21: SBI’s Ecowrap

According to a report titled “EcoWrap”released by the economic research team from SBI (State Bank of India), India’s GDP (Gross Domestic Product) growth is expected to decline sharply to 6 % in the next financial year 2020-21 amid the 21-day lockdown Coronavirus (COVID-19) epidemic. Key Points: The GDP growth rate in 2019-20 can also be reduced from 5 % to 4.5 % with a 2.5 % increment in the fourth quarter (Q4) of the current financial year.