Business Standard

Monday, December 23, 2024 | 08:11 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

OECD slashes India's FY21 growth forecast to 5.1% on coronavirus woes

According to the latest OECD Interim Economic Outlook Forecasts, India's real GDP growth is expected at 5.1 per cent during the fiscal year starting April 1, 2020

coronavirus, medical, health, doctors
Premium

South Korean soldiers wearing protective suits spray disinfectant in Daegu. Photo: AP/PTI

Agencies
Global agency OECD on Monday lowered India’s GDP growth forecast to 5.1 per cent, from its earlier projection of 6.2 per cent, for 2020 on concerns over the impact of deadly coronavirus on the domestic as well as the global economy.
 
The Organisation for Economic Cooperation and Development (OECD) said the adverse impact on confidence, financial markets, travel sector and disruption to supply chains contributes to the downward revisions in all the G20 economies in 2020, particularly ones strongly interconnected to China.
 
India is a member of G20, a grouping of developed and developing economies.
 
According to

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