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, 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.