Analysts revise Q2 GDP projections, are divided on sharpness on contraction

As Q2 will be the second quarter of economic contraction, India in all probability has entered a technical recession for the first time since quarterly GDP data began being compiled

Topics
GDP | GDP forecast | Gross domestic product

Indivjal Dhasmana  |  New Delhi 

Rating agency Icra on Thursday raised its projection of the contraction rate in the gross domestic product ((GDP) to 9.5 per cent for the second quarter of the current financial year from its earlier forecast of 11-12.5 per cent fall. The economy declined by unprecedented 23.9 per cent in the first quarter.

On the other hand, Barclays expected the economy to contract a bit sharper at 8.5 per cent in Q2 from its earlier estimate of 8 per cent. It attributed this to marginally weaker incoming data than it had earlier anticipated. Also, Dun & Bradstreet now projected GDP to fall ...

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First Published: Thu, November 19 2020. 19:36 IST
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