 "loss, economy, shares, stocks, market, investment, savings, gdp, growth, revenue")
The sharp downward revision in growth projections by various national and international agencies indicates the impact of the coronavirus-induced lockdown and inadequate stimulus package, EY said on Wednesday adding that June economic indicators show an uptick in activity.
EY's current assessment of India's 2020-21 real gross value added (GVA) growth is 1.9 per cent provided that India sticks to its infrastructure funding plans.
Stating that high-frequency indicators signal slow but steady turnaround, EY said PMI manufacturing and services index, power consumption and forex reserves showed improvement in June. Also, GST collection increased to Rs 90,917 crore in June, from Rs 62,009 crore
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