NCAER forecasts India’s GDP growth at 4.9% for FY20

The National Council of Applied Economic Research (NCAER) has pegged India's gross domestic product (GDP) growth for 2019-20 at 4.9% as against 6.8 % in 2018 (or FY-19). It lowers its outlook due to the slowdown in almost all sectors & it is primarily driven by a simultaneous deceleration of all the drivers of aggregate demand.