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

Which Country Officially Uses Two Different Calendars? Know About It

Did you know that calendars are not the same everywhere in the world? Different countries…

13 hours ago

Historic Glory! Jammu & Kashmir Win Ranji Trophy in Maiden Final After 67 Years

Jammu and Kashmir etched their name in history by winning the Ranji Trophy 2025-26 in…

15 hours ago

Three Major Inland Waterways Projects Opened on Brahmaputra in Dibrugarh

Union Minister Sarbananda Sonowal inaugurated three key infrastructure projects on National Waterway-2 (NW-2) along the…

15 hours ago

Exercise Vayu Shakti 2026: Indian Air Force Unleashes Firepower Near Pakistan Border

The Indian Air Force (IAF) displayed its combat power during Exercise Vayu Shakti 2026 at…

15 hours ago

UAE Launches World’s First Sovereign Financial Cloud with AI: A New Era for Secure Digital Finance

The Central Bank of the UAE has unveiled what it calls the world’s first sovereign…

15 hours ago

India’s Forex Reserves Fall $2.11 Billion to $723.61 Billion: RBI

India’s forex reserves dropped by $2.11 billion to $723.608 billion which are according to the latest…

15 hours ago