Gujarat, Assam, Goa, and Sikkim are likely to see a double-digit contraction in gross state domestic product (GSDP) during the current fiscal (FY21), India Ratings & Research (Ind-Ra) said.

The agency expects “the Gross State Domestic Product (GSDP) of all states in India to contract in FY21. The contraction will be in the range of 1.4 per cent-14.3 percent.”The Indian economy is estimated to de-growth by 5.3 percent.

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