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17.05 - 12:57
Lockdown beyond May can lower growth to zero, permanent loss of 4% in GDP: Crisil
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The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides a normal monsoon, and minimum fiscal support of ₹3.5 lakh crore NEW DELHI : CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve.
The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides a normal monsoon, and minimum fiscal support of ₹3.5 lakh crore.
Fiscal support may need to be even increased at the central and state levels to ensure relief reaches, apart from vulnerable households, even vulnerable firms,
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