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.
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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