Categories: Economy

Fitch forecasts India’s GDP growth rate to contract 5% in FY21

Amid Novel Coronavirus pandemic, rating agency Fitch Ratings has released its latest Global Economic Outlook (GEO). In its Global Economic Outlook, the rating agency has forecasted the GDP growth rate of the world and individual countries.

Click Here To Get Test Series For SBI PO 2020

According to the Global Economic Outlook, the rating agency Fitch Ratings has slashed India’s GDP growth rate to 5% for the Fiscal Year 2021, citing the slowdown in economic activities and very stringent lockdown policy. While the Global GDP growth rate has been forecasted to fall by 4.6% in 2020.

Find More News on Economy Here

Recent Posts

Press Club of India Elects Sangeeta Barooah Pisharoty as Its First Woman President

A pathbreaking development for India's media scene, senior journalist Sangeeta Barooah Pisharoty was elected as…

33 mins ago

Download IBPS RRB PO Mains 2025 GA Capsule | Complete General Awareness Guide

The IBPS RRB PO Mains Exam will be held on 28 December 2025, and candidates…

34 mins ago

November 2025 Month Current Affairs PDF

Welcome to the November 2025 Edition of the Affairs PDF – your all-inclusive monthly guide to…

41 mins ago

India Crowned Champion of WSF Squash World Cup for the First Time

India created history in sports by winning the WSF Squash World Cup 2025 for the…

2 hours ago

Weekly Current Affairs One Liners 08th to 14th December 2025

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

23 hours ago

Which Indian City is Known as the Footwear City?

India has many cities that are famous for their unique industries, and some of them…

2 days ago