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CRISIL slows contraction rate for India at -7.7% in FY21

Posted bySumit Arora Published On December 15th, 2020 Leave a comment on CRISIL slows contraction rate for India at -7.7% in FY21
CRISIL slows contraction rate for India at -7.7% in FY21_40.1

CRISIL slows contraction rate for India at -7.7% in FY21_50.1

Rating agency CRISIL has lowered the contraction rate of India’s GDP and now expects the growth rate of the Indian economy to contract 7.7% in the ongoing fiscal 2020-21, compared to the 9% forecast in September 2020, due to “faster-than-expected” recovery in the second quarter. For the fiscal 2021-22 (FY22), CRISIL expects the growth to bounce back to 10%.

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CRISIL slows contraction rate for India at -7.7% in FY21_60.1

CRISIL slows contraction rate for India at -7.7% in FY21_70.1

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CRISIL slows contraction rate for India at -7.7% in FY21_90.1

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