NCAER Pegs GDP Growth At 4.9% For 2019-20

The Hindu Business Line|February 22, 2020

NCAER Pegs GDP Growth At 4.9% For 2019-20
Think-tank expects growth rate to improve to 5.6 per cent for 2020-21

Think-tank National Council of Applied Economic Research (NCAER) on Friday pegged the economic growth for the current fiscal at 4.9 per cent, a tad down from 5 per cent estimated by the National Statistical Office (NSO).

However, for 2020-21, the NCAER expects the Indian economy to improve its growth rate to 5.6 per cent. The economy grew by 6.1 per cent in 2018-19.

“GDP growth is forecast to be 4.9 per cent in the third quarter of 2019-20 and 5.1 per cent in the fourth quarter.

“The annual growth rates for 2019-20 and 2020-21 are forecast to be 4.9 per cent and 5.6 per cent, respectively,” an NCAER statement said.

The NSO as well as the RBI have projected the GDP growth rate at 5 per cent for the current fiscal.

The NCAER has indicated some improvement in the fourth quarter of the current financial year.

Higher farm output

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February 22, 2020