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Why it's difficult to project India's GDP growth for Q4FY21 amid Covid

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GDP growth of FY21 range from a contraction of 0.4% to 3.5% growth, signaling the mystery and difficulty involved in assessing growth in a year when the economy saw its worst recession in independent India.

The Central Statistics Office (CSO) will release GDP estimate for March quarter and the full year on Monday.On one end of the curve is British multinational bank Barclays which has projected the Indian economy to expand at 3.5% in March quarter of FY21, holding that a low base and strong sequential gains helped propel GDP growth to a five-quarter high. “The resurgent covid-19 wave took the wind out of an economic recovery that was gathering momentum in Q4 FY21 (January-March)," it added.

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COVID-19
United States
United States
Cases: 46 252 513
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India
India
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Deaths: 459 652
Recovered: 0
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Deaths: 608 235
Recovered: 0
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United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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