'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Chief Economic Advisor Krishnamurthy Subramanian on Friday said he saw a downside risk to his assessment of 1.5-2 per cent GDP growth for FY21 but declined to give numbers, citing uncertainty. In a wide-ranging interaction with Arup Roychoudhury, Subramanian also said the Centre had gone beyond its means to support the states and was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon. Excerpts: We have just had the Q4FY20 GDP numbers. What are your projections for Q1 and FY21? It is useful to put Q4 numbers in perspectiv.....

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