Addressing the media in Mumbai on December 04, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has predicted the real GDP growth for the year 2020-2021 at minus 7.5 percent on account of the COVID-19 pandemic.
Das said, "The real GDP growth for 2021 is projected at minus 7.5%.
The recovery in rural demand is expected to strengthen further while urban demand is also gaining momentum." "We are projecting GDP growth for Q3 at +0.1% and +0.7% for Q4,' RBI Governor added.