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
This story is from the February 22, 2020 edition of The Hindu Business Line.
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This story is from the February 22, 2020 edition of The Hindu Business Line.
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