Categories: Economy

CARE ratings projects India’s GDP to contact between 8-8.2% in FY21

The Indian rating agency, CARE Ratings has projected the GDP of India to contract in the range 8 to 8.2% for 2020-21 (FY21). This is more than its earlier projection of -6.4%. The decline in GDP growth by around 8 per cent would also be associated with a decline in the gross fixed capital formation.

WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Important takeaways for all competitive exams:

  • CARE Ratings Founded: 1993.
  • CARE Ratings: Mumbai, Maharashtra.
  • CARE Ratings Managing Director & Chief Executive Officer: Ajay Mahajan.

Find More News on Economy Here

AddThis Website Tools
Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

In Which State is Mouling National Park Located?

India has many beautiful national parks that help protect forests, animals and nature. These parks…

8 hours ago

Which Fort of Haryana is Known as the Threshold of Hindustan?

India is a land full of history, with many forts that tell stories of bravery,…

10 hours ago

Top-10 Countries with the Oldest Populations Based on Median Age, Check the List

As people around the world live longer and birth rates go down in many countries,…

11 hours ago

National Flag Day in India 2025: Commemorating the Adoption of the Tiranga

Every year on July 22, India observes National Flag Day, also known as Tiranga Adoption…

13 hours ago

List of Countries Starting with the Letter ‘J’, Know About Them

There are many countries in the world and each one has a unique name, culture…

13 hours ago

NABARD Celebrates 44 Years: Expanding Financial Inclusion

The National Bank for Agriculture and Rural Development (NABARD) recently celebrated its 44th Foundation Day,…

13 hours ago