What experts forecast for India's pandemic-hit economy : Union Budget: Business Today
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What experts forecast for India's pandemic-hit economy

Rajeev Dubey | January 12, 2021

India's lockdown-struck gross domestic product (GDP) contracted an unprecedented 23.9 per cent, the worst among major economies, during the first quarter of FY21. However, the pent-up demand pushed up consumption, but shrank GDP by 7.5 per cent in the following quarter. With RBI predicting a small growth, in the third and fourth quarters, the current financial year is likely destined to go down in history as India's fifth recession. Watch as Business Today holds a pre-budget discussion with experts from different industries, including D.K. Joshi, Chief Economist, CRISIL; Gopal Krishna Agarwal, National Spokesperson, BJP on Economic Affairs; Prof. Gourav Vallabh, Spokesperson, Indian National Congress; Mukesh Butani, Managing Partner, BMR Legal Advocates; Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company; and Akhil Gupta, Vice-Chairman, Bharti Enterprises. They offer their  suggestions for economic growth and expectations from the upcoming budget.

Also Read: India's industry output contracts 1.9% in November, bucks revival trend