Real GDP likely to decline by 9.5% in FY 2021: RBI
Updated:5 years, 4 months ago
Mumbai, Oct 09 (ANI): The Governor of Reserve Bank of India (RBI), Shaktikanta Das on October 09 announced that Gross Domestic Product (GDP) is expected to decline by 9.5% in 2021. “For the year 2021, real GDP is expected to decline by 9.5% with risks tilted towards the downside,” said Shaktikanta Das, RBI Governor, while addressing a press conference. “Our assessment is that inflation will remain elevated in September but ease gradually towards the target over Q3 & Q4. Our analysis also suggests that supply disruptions and associated margins and markups are the major factors driving up inflation,” Shaktikanta Das added.
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