RBI says 9.5% contraction expected in real GDP in financial year 2020-21
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Shaktikanta Das, the governor of the Reserve Bank of India today addressed the media to brief on the latest monetary policy. He said the real GDP of the country is likely to contract 9.5 percent in the financial year 2020-21. "The modest recovery in high-frequency indicators in September will further improve in the second half of this year," Mr. Das added. He further said that he expects positive growth in the fourth quarter.