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

Tripura, Manipur and Meghalaya Foundation Day 2026: Marking 54 Years of Statehood

Every year, 21 January holds special importance in India's political and cultural calendar. On this…

23 mins ago

NASA Prepares Historic Artemis II Mission to Orbit the Moon

NASA is set to historic launch for human space exploration. The US space agency is…

39 mins ago

Which Continent is known as the Continent of Science? Check the Reason

Every part of the world is known for something special. Some places are famous for…

14 hours ago

Which Place is known as the Saffron Capital of India?

India is known as the land of spices, and among them, one stands out for…

17 hours ago

Which Country is Known as the Workshop of the World?

The term "Workshop of the World" is used to describe a country that makes a…

17 hours ago

Which District of Rajasthan is Known as Mini Kota?

In Rajasthan, every district has something special that makes it different from others. Some are…

17 hours ago