The domestic rating agency, Care Ratings, has revised the GDP growth forecast of India for the current fiscal year 2021-2022 (FY22) to 9.2 per cent. This is lower than 10.2 per cent estimated earlier in April 2021.
Important takeaways for all competitive exams:
- CARE Ratings Founded: 1993.
- CARE Ratings: Mumbai, Maharashtra.
- CARE Ratings Managing Director & Chief Executive Officer: Ajay Mahajan.