Categories: Economy

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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Sumit Arora

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.

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