Monday 30 March 2020
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business-standard - 4 days ago

India s growth in next 2 quarters won t be over 3 pc: Pronab Sen

Former chief statistician Pronab Sen on Thursday said the country s growth in the next two quarters will not be more than 3 per cent due to the lockdown across the country. In an interview with PTI, Sen further said that due to the ongoing 21-day shutdown, there may be a reduction of about Rs 5 lakh crore in gross domestic product (GDP). Due to the complete lockdown across the country for 21 days, the economic growth in the first quarter of the next financial year will be very low. I don t expect economic growth in next two quarter (of 2020-21) to be more than 3 per cent which makes achieving the USD 5-trillion target by 2024-25 very very difficult, Sen said. Prime Minister Narendra Modi announced a complete lockdown across the country for 21 days from Tuesday midnight, asserting that social distancing is the only way out for the country in its decisive battle against the coronavirus. Now, my estimate is that the loss depends largely upon the extent to which the shutdown will ...

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