Full-year GDP to fall 7.7%: Govt estimates
New Delhi, Jan. 8 -- India's gross domestic product (GDP) is expected to contract by 7.7% in fiscal 2020-21, the National Statistical Office (NSO) said in its first advanced estimate released on Thursday. This is 20 basis points more than the 7.5% contraction projected by the Monetary Policy Committee of the Reserve Bank of India (RBI). The World Bank, in its Global Economic Prospects report released this month, projected that India's GDP would shrink 9.6% in 2020-21....
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