The Reserve Bank of India (RBI) has slashed its growth forecast for this financial year and warned of inflation uncertainties as the country’s economy suffers due to the Covid-19 pandemic.
While the country’s GDP growth is set to “remain in the negative territory with some pick up in second half” of the 2020-21 fiscal year, RBI Governor Shaktikanta Das did not give any specific figures, citing difficulties in data collection.
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