-7.5% Real GDP Growth Projected For 2020-21, Says RBI
The Reserve Bank of India has revises the real GDP growth projection for 2020-21 from -9.5% to -7.5 per cent, the Governor Shaktikanta Das said in an online briefing at the end of the meeting of the Monetary Policy Committee. The central bank also maintained an "accommodative" stance of policy, which rules out any hikes for now and decided to continue with the current stance.
