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.

Click Here To Get Test Series For SBI PO 2020

Important takeaways for all competitive exams:

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

Find More Economy News

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

MEITY & MEA Enable Paperless Passport Verification via DigiLocker

In a major boost to Digital India, the Ministry of Electronics and Information Technology (MEITY)…

29 mins ago

Meet the World’s Youngest Self-Made Woman Billionaire Luana Lopes Lara

In an age where technology and finance intersect at lightning speed, Luana Lopes Lara, a…

1 hour ago

Australia’s Victoria University to Open First India Campus in Gurugram by 2026

In a significant development for higher education in India, Victoria University (VU) from Australia is…

1 hour ago

Which Lake is known as the Lake of Tears? Know the Name

Many lakes around the world are known by special names because of their stories, beauty,…

1 hour ago

RBI Monetary Policy December 2025: Why India Cut Rates and What It Means for the Economy

Under Section 45ZL of the Reserve Bank of India Act, 1934, every quarter, India’s Monetary…

1 hour ago

National Conservation Programmes in India: Protecting Tigers, Dolphins, Elephants, Bears, Crocodiles and More

India hosts nearly 8% of the world’s biodiversity, making conservation crucial for ecological balance and…

2 hours ago