India’s GDP Growth In March Quarter To Be Around 2%: Ratings Agency

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Q4 GDP Growth Forecast: ICRA pegged the economic growth at 2% for March quarter

The country’s gross domestic product (GDP) is likely to grow around two per cent in the January-March quarter of the financial year 2020-21 and could register a contraction of around 7.3 per cent for the entire fiscal, according to a domestic credit rating agency ICRA. From the gross value added perspective, the rating agency pegged the economic growth for the fourth quarter at three per cent and a 6..3 per cent contraction for the full year. (Also Read: India’s GDP Growth To Be Around 1.3% In March Quarter With Downward Bias: Report )

According to the credit rating agency, the projected GDP growth of two per cent will help the economy avoid a double-dip recession phase, as hinted by the National Statistical Office or NSO for the March quarter.



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