Rating agency CRISIL has cut the GDP growth rate forecast for India for 2020-21 (FY21) to 1.8% from the previous prediction of 3.5%. CRISIL has projected a total loss of Rs 10 lakh crore or Rs 7,000 per person due to the impact of lockdowns to control COVID-19 pandemic.
Important takeaways for all competitive exams:
- CEO of Crisil: Ashu Suyash.
- Crisil Chief Economist: Dharmakirti Joshi.
- Headquarters of Crisil: Mumbai.