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

SCL Das Appointed Chairman of Financial Services Institutions Bureau (FSIB)

On 16th October 2026, the Union government has recreated the Financial Services Institutions Bureau (FSIB),…

6 hours ago

What Is the JWALA Missile? IG Defence Develops Counter-Drone Interceptor

The private defence sector in India is currently designing technology in a bid to address…

7 hours ago

ISRO Successfully Completes Crew Module–Service Module Separation Tests for Gaganyaan

ISRO successfully carried out a series of CM-SM separation tests of its upcoming Gaganyaan human…

8 hours ago

World Health Summit 2026: Key Initiatives, Funding Commitments and Global Health Threats

The World Health Summit 2026 was held in Berlin, Germany, with the new funding pledges,…

9 hours ago

Sudhakar Dalela Appointed as India’s Next Ambassador to Nepal

On October 16th 2026, the Ministry of External Affairs (MEA) has appointed Sudhakar Dalela as…

10 hours ago

Assam Regiment Wins Gold Medal at Exercise Cambrian Patrol 2026

India’s Assam Regiment has bagged a gold medal in Exercise Cambrian Patrol 2026, an international…

10 hours ago