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.

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

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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.