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Icra pegs GDP growth at 2% in March quarter

Mumbai, May 24 Domestic ratings agency Icra on Monday forecast a 2% GDP growth in the fourth quarter of 2020-21, and a 7.3% contraction for the full fiscal year. From a GVA or gross value added perspective, the agency pegs...
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Mumbai, May 24

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Domestic ratings agency Icra on Monday forecast a 2% GDP growth in the fourth quarter of 2020-21, and a 7.3% contraction for the full fiscal year.

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From a GVA or gross value added perspective, the agency pegs Q4 growth at 3% and the full year contraction at 6.3%.

According the agency, the 2% projected GDP growth will help the economy avoid a double-dip recession as indicated by the National Statistical Office (NSO) for Q4. — PTI

GVA growth at 3%

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The rating agency has projected the GVA growth at 3% in Q4 of FY21, up from 1% in Q3

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