Indian economy may contract lower in FY21 than projected: NITI Aayog VC

Indian economy might end up with a lower contraction in 2020-21 than projected by various organisations, NITI Aayog Vice Chairman Rajiv Kumar said. "I think this third quarter, we will see smaller contraction than had been forecast and fourth quarter could well be a wash," he added. Kumar further said that the next stimulus should focus on short-gestation infrastructure projects.