Home » Care Ratings Projects India’s GDP growth...

Care Ratings Projects India’s GDP growth between 8.8-9% in FY22

Sumit Arora Published On July 27th, 2021 Leave a comment

The Care Ratings agency has estimated the Gross Domestic Product (GDP) growth rate of India to be in the range of 8.8 to 9 per cent in the current financial year, that is 2021-22 (FY22). The country’s economy had contracted by 7.3 per cent in fiscal 2020-21.

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

The report also said the fiscal deficit for FY22 is projected between Rs 17.38 lakh crore to Rs 17.68 lakh crore. The main drivers of the economy would be the agriculture and industry sectors.

Find More News on Economy Here

About the Author

Sumit Arora

Author

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.