VIKASA January 2020 Newsletter

India’s economy could take a sharp upturn to 7.1 per cent in FY2021 from 5.7 per cent in FY2020, Bloomberg Economics has said. The report said the structural measures taken by the Modi government to boost the economy would play a crucial role in bringing in foreign indirect investment, which would be crucial for India in times of trade wars. “We expect gross domestic product growth to rise sharply in fiscal 2021 ending March, to 7.1 per cent from an estimated 5.7 per cent in fiscal 2020,” said the report.