Categories: Economy

Crisil projects India’s GDP for FY21 at -9%

CRISIL has projected India’s GDP rate at -9% for the financial year 2020-21 (FY21). CRISIL revising its forecast down from 5% owing to uncertainty over the spread of Covid-19 and lack of adequate financial support from the government.

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For FY22, Crisil has projected India’s GDP to grow at 10%. For the next three years, between fiscals 2023 and 2025, CRISIL projects the Indian GDP to average a growth of 6.2% annually.

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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.