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

Weekly Current Affairs One Liners 21st to 27th July, 2025

Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…

8 hours ago

Top-10 Countries that Drink Most Coffee in the World Per Capita

Coffee is one of the most loved drinks in the world. People enjoy it in…

22 hours ago

Which is the Largest Mangrove Forest in the World?

India is a land of rich natural beauty, with many different types of forests. Among…

24 hours ago

Do You Know What is the Old Name of Patna?

Patna is a well-known city in India with a long and rich history. It is…

1 day ago

Madhya Pradesh Unveils Monthly Assistance for Unemployed Youth: A Step Towards Inclusive Welfare

The Madhya Pradesh government has launched a new initiative offering monthly stipends to unemployed youth—₹6,000…

1 day ago

PM Modi’s ‘Ek Ped Maa Ke Naam’ Gift to King Charles III – Strengthening Green Diplomacy

During his UK visit in July 2025, Prime Minister Narendra Modi presented a tree sapling…

1 day ago