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

AddThis Website Tools

Recent Posts

Mumbai Indians Won The Womens Premier League 2025 Final

Mumbai Indians secured their second WPL title in three seasons, defeating Delhi Capitals by 8…

5 hours ago

Winners List of Women’s Premier League (2023 to 2025) Year Wise

The Women's Premier League kicks off again on February 23rd, with a rematch of last…

5 hours ago

Which City of France is Known as the City of Lights?

France is home to many beautiful and historic cities, each with its own unique charm.…

10 hours ago

What is the National Sport of Canada?

Canada is a country known for its love of sports. Many games are played across…

12 hours ago

India Tops Medal Tally at World Para Athletics Grand Prix 2025 in New Delhi

India finished on top of the medal tally at the World Para Athletics Grand Prix…

13 hours ago

Who is Known as the Queen of the Pop? Know About Her

Some people leave a lasting impact on the world with their talent, creativity and hard…

13 hours ago