Narayana Murthy flags fears of GDP growth hitting lowest since 1947

BusinessNarayana Murthy flags fears of GDP growth hitting lowest since 1947

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Narayana Murthy flags fears of GDP growth hitting lowest since 1947

Bengaluru: All the world’s agencies have feared that India’s GDP will fall by 3-9% due to Corona epidemic. Recently, the Monetary Policy Committee of the Reserve Bank met. After that Governor Shaktikanta Das had said that there is every possibility of a decline in the growth rate this year. Meanwhile, Infosys founder NR Narayana Murthy on Tuesday feared that the country’s economic momentum would be in the worst state since independence due to the corona virus.

He said that the economy should be brought back on track at the earliest. He feared that this time the gross domestic product (GDP) could see the biggest decline since independence. Narayana Murthy also stressed on developing such a new system in which every businessman in every sector of the country’s economy is allowed to work with full potential. Murthy said, ‘India’s GDP is projected to contract at least five percent. It is feared that we may see the worst GDP growth since 1947 independence.

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