Shri Sameer Narang, Chief Economist at Bank of Baroda in an interview with ET Now while reviewing the economy. He says that the FY20 GVA growth has now fallen to 4.9% while it was at 6.6% in FY19 and FY farm growth is at 2.8% vs 2.9% in FY 19. He further adds that in FY20, manufacturing growth has gone down massively to just 2% while it was 6.9% in FY19. In FY20 growth of Trade, Hotels, Transport, Telecom section has reduced to 5.9% as opposed to 6.9% in FY19. He pegs the growth of FY20 GDP at 5% while the FY20 growth of Public admin, defense & others has reached 9.1% vs 8.6% in FY19. He says that the FY20 GDP growth is seen at 5% as compared to 6.8% in FY1 which explains that in the next 2 years, the growth of the economy will be seen picking up and growing stronger.
To stay updated with the latest updates and banking services, follow us on our official social media channels:
Facebook – https://www.facebook.com/bankofbaroda…
Twitter – https://twitter.com/bankofbaroda
Instagram – https://www.instagram.com/officialban…
YouTube – https://www.youtube.com/bankofbaroda
Linkedin – https://www.linkedin.com/company/1626…
Visit our website to know more about our product and service offerings:
https://www.bankofbaroda.com/Watch more such videos at
https://www.youtube.com/watch?v=JdA4D…
