Home / Economy / News / Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20

Covid impact: Icra pegs GDP growth at 1.9% in Q4 and 4.3% in FY20

Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number

Premium

The second estimates came in on February 28. After that, there was a lockdown of roughly ten days in March

1 min read Last Updated : May 26 2020 | 3:04 AM IST

Icra has projected the eocnomy to grow by 1.9 per cent in the fourth quarter against 5.8 a year ago and and 4.3 per cent in 2019-20 against 6.1 per cent in 2018-19.

Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number.

The second estimates came in on February 28. After that, there was a lockdown of roughly ten days in March.

ALSO READ: Experts urge govt to lock in crude oil purchases as prices start rising

“The sudden pause in economic activity

Topics : Coronavirus ICRA India GDP growth

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in