Business News
Home > Business News
GDP growth for FY21 seen at minus 8%: FICCI Survey
TIWN
TIWN
PHOTO : TIWN
New Delhi, Jan 28 (TIWN) India's GDP is likely to contract by 8 per cent in the current financial year, according to the FICCI's Economic Outlook Survey.
"Agriculture sector has exhibited significant resilience in the face of the pandemic. Higher rabi acreage, good monsoons, higher reservoir levels and strong growth in tractor sales indicate continued buoyancy in the sector," it said.
However, industry and services sector, which were most severely hit due to the pandemic induced economic fallout, are expected to contract by 10.0 per cent and 9.2 per cent respectively during 2020-21.
Add your Comment
Comments (0)
More Business News
- SpiceJet denies KAL Airways' Rs 1,323 cr claim, labels it 'legally baseless'
- Food regulator finds no trace of ethylene oxide in Indian spices
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses