CRISIL cuts India’s GDP growth at 1.8% from 3.5% for FY21

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.

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Important takeaways for all competitive exams:

• CEO of Crisil: Ashu Suyash.
• Crisil Chief Economist: Dharmakirti Joshi.
• Headquarters of Crisil: Mumbai.

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