Current Affairs   »   Brickworks Ratings lowers India’s GDP to...   »   Brickworks Ratings lowers India’s GDP to...

Brickworks Ratings lowers India’s GDP to 8.3% in FY22

Brickworks Ratings lowers India's GDP to 8.3% in FY22_50.1

Brickworks Ratings has revised downwards India’s GDP growth forecast to 8.3 per cent in the current fiscal 2021-22 (FY22). Earlier in January 2022, the rating agency had estimated this between 8.5-9 per cent. Brickwork Ratings is one of the seven Sebi-registered credit rating agencies (CRA).

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The latest growth indicators suggest a loss of economic momentum in recent months. The rapid spread of Covid in January 2022 led to renewed restrictions on economic activities, dampening the revival process, particularly in contact-intensive sectors.

Find More News on Economy Here

Brickworks Ratings lowers India's GDP to 8.3% in FY22_60.1

Brickworks Ratings lowers India's GDP to 8.3% in FY22_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *