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RBI Revises Real GDP Growth Projection For 2020-21 To -7.5%

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The Reserve Bank of India on Friday revised its growth projection for the country's real gross domestic product (GDP) for 2020-21. The central bank now expects the GDP growth at -7.5 per cent in the year ending March 31, 2020, in an upward revision from its earlier forecast of -9.5 per cent. "The second half (of 2020-21) is expected to show some positive growth," Governor Shaktikanta Das said in an online briefing at the end of the meeting of the Monetary Policy Committee.

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Category
Asia
Tags
NDTV 24x7, RBI, RBI Policy
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