Real GDP likely to decline by 9.5% in FY 2021: RBI

The Governor of Reserve Bank of India (RBI), Shaktikanta Das on October 09 announced that Gross Domestic Product (GDP) is expected to decline by 9.5% in 2021. “For the year 2021, real GDP is expected to decline by 9.5% with risks tilted towards the downside,” said Shaktikanta Das, RBI Governor, while addressing a press conference.