India`s overall growth projected at minus 4.5% for 2020-21: RBI

02:50:00 PM, Tuesday 25th of August 2020 | in business

RBI said on Tuesday its 2019-20 annual report, wherein it has stated that India’s growth is projected at minus 4.5 percent for 2020-21. In its latest update (June 2020), the IMF has projected global growth at (-) 4.9 per cent for 2020, with a steeply negative impact on economic activity in H1 and more gradual recovery than expected earlier. India’s growth is projected at (-) 4.5 per cent for 2020-21, the RBI report said.