Categories: Economy

CRISIL cuts India’s GDP growth forecast to 3.5% for FY2021

CRISIL has reduced India’s gross domestic product (GDP) growth forecast for fiscal 2021 to 3.5 per cent from 5.2 per cent expected earlier. The cut is due to the coronavirus pandemic. The pandemic in India and the consequent lockdown for 21 days pose a material risk to our India economic outlook. The slump in growth will be concentrated in the first half of the next fiscal, while the second half should see a mild recovery.

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

Weekly Current Affairs One Liners (27th April to 3rd May, 2026)

Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…

4 hours ago

Which is the Largest Valley in Asia? Check Here

Valleys are low areas of land that lie between hills or mountains. They are formed…

18 hours ago

Which Place is known as the Sandwich Capital of the World?

Sandwiches are one of the most popular foods in the world. They are simple, quick…

20 hours ago

Centre Appoints Rohit Jain as Deputy Governor of Reserve Bank of India

The Government of India has appointed Rohit Jain as the Deputy Governor of the Reserve…

22 hours ago

Government Notifies New Citizenship Rules, Streamlines OCI and Application Processes

The Government of India has notified the Citizenship (Amendment) Rules, 2026 and introduced the important…

22 hours ago

Reserve Bank of India Says 98.47% of ₹2,000 Notes Returned to Banking System

The Reserve Bank of India have announced that 98.47% of ₹2,000 Indian currency notes have…

23 hours ago