Home / business / India's GDP Will Contract by 3% in FY21 Due to Covid-19 Pandemic: Foreign Brokerage Firm BofA Securities

India's GDP Will Contract by 3% in FY21 Due to Covid-19 Pandemic: Foreign Brokerage Firm BofA Securities

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BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds through open market operations, and its revaluation reserves may also be used to recapitalise state-run banks.

from Top Business News- News18.com
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India's GDP Will Contract by 3% in FY21 Due to Covid-19 Pandemic: Foreign Brokerage Firm BofA Securities India's GDP Will Contract by 3% in FY21 Due to Covid-19 Pandemic: Foreign Brokerage Firm BofA Securities Reviewed by Team Exprssnews on July 09, 2020 Rating: 5

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