Due to the lockdown, GDP is projected to be 4.5% in 2020

New delhi date. 06 July 2020, Monday

India's GDP is projected to be 4.5% in this fiscal. The Union Finance Ministry said this on Monday. The latest projection was 6.4% lower than the forecast set by the government in April this year.

Corona is having a big impact on the economy. The Department of Economic Affairs said in its comprehensive economic report. However, government measures will help stabilize and improve the economy.

According to the monthly report, the lockdown imposed by Kovid-19 has had a positive impact on exports. While imports have fallen sharply. As a result, crude oil prices have fallen in the global market. The revenue collected so far in the current financial year has declined by 68.9% year-on-year.