Financial system to shrink by 7% in FY21: SBI

Mumbai, February 10

SBI Research on Wednesday revised its contraction forecast for 2020-21 to 7%. It had earlier pegged a 7.4% contraction. In April-September, the economy contracted 15.7% but the second half may see a surprise 2.8% growth, if the SBI analysis turns out to be correct. — PTI

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