Categories: Economy

FICCI survey forecasts 8% GDP contraction in FY21

The gross domestic product (GDP) of India is expected to contract by 8 per cent in 2020-21, according to the latest Economic Outlook Survey of Federation of Indian Chambers of Commerce & Industry (FICCI). Apart from this, FICCI expects the economy to perform much better in the financial year 2021-22 with a GDP growth rate of 9.6 percent in FY22.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Important takeaways for all competitive exams:

  • Federation of Indian Chambers of Commerce & Industry Founded: 1927.
  • Federation of Indian Chambers of Commerce & Industry Headquarters location: New Delhi.

Find More News on Economy Here

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

South Africa Clinches Maiden ICC World Test Championship 2025 Title at Lord’s

In a monumental moment for South African cricket, the Proteas claimed their first-ever ICC trophy…

5 hours ago

World Test Championship Winners List (2019-2025), South Africa Lift the Trophy

The ICC World Test Championship (WTC) is a premier biennial Test cricket tournament organized by…

5 hours ago

World Elder Abuse Awareness Day 2025: Promoting Dignity and Protection for Seniors

Every year on June 15, the world comes together to observe World Elder Abuse Awareness…

8 hours ago

World Blood Donor Day 2025: Honouring Life-Saving Heroes

Every year on June 14, countries around the globe observe World Blood Donor Day to…

9 hours ago

DFCC Bank Becomes First Foreign Entity to List Bond on NSE IX at GIFT City

In a historic development for cross-border sustainable finance, DFCC Bank PLC of Sri Lanka has…

10 hours ago

Indian Army Successfully Tests Rudrastra VTOL Drone for Precision Strikes

In a significant step towards boosting indigenous defence capabilities, the Indian Army has successfully conducted…

10 hours ago