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

Devanshu Kaushik

Recent Posts

Which Indian City is Known as “City of Light”?

India's cities are often known not just by their original names but also by unique…

11 hours ago

World Portuguese Language Day 2024 Observed on 5th May

On May 5th, the world unites to celebrate the Portuguese language, a linguistic treasure that…

11 hours ago

China Send Chang’e-6 Probe To Collect Moon’s Far Side Sample

In a groundbreaking endeavor, China has launched the Chang'e-6 probe on an ambitious mission to…

11 hours ago

Frank Shrontz, Former Boeing CEO, Dies at 92

Frank Shrontz, who led Boeing as its Chief Executive Officer for a decade from 1986…

11 hours ago

Lando Norris Storms to Maiden F1 Victory at Electrifying Miami Grand Prix

Lando Norris of McLaren clinched his first-ever Grand Prix victory in a pulsating showdown at…

11 hours ago

Top-10 Tea Producing States in India 2024

India, renowned for its rich cultural heritage and diverse landscapes, also boasts a thriving tea…

12 hours ago