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Economic Outlook Survey of FICCI

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  • Published
    14th Jul, 2020
  • In accordance with the Economic Outlook Survey of FICCI (Federation of Indian Chambers of Commerce and Industry), India’s annual median Gross Domestic Product (GDP) growth forecast for FY2020-21 has been declined to (-) 4.5% with a minimum and maximum growth estimate of (-) 6.4% and 1.5% respectively, as compared to January 2020 estimate of 5.5%.
  • There is also a possibility of V-shaped recovery with government expenditure as in the current situation; it is the only helping hand for the financial position of the economy.
  • Economic activity-wise annual forecast indicated a median growth of 2.7% for agriculture and allied activities for 2020-21.

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