Categories: Economy

Fitch Ratings slashes India’s GDP growth rate to 5.1% for FY21

Fitch Ratings has reduced India’s GDP growth rate to 5.1% for the fiscal year 2020-21. Earlier, Fitch Ratings forecasted India’s growth outlook at 5.6% which has been reduced now to 5.1% for the fiscal year 2020-21.

Click Here To Get Test Series For RBI Assistant Mains

The reduction in India’s growth outlook has been due to the Covid-19 impact on Indian manufacturers after supply chain disruptions in China.

Find More Economy News

Recent Posts

Haryana Assembly Passes Resolution to Commemorate 350th Martyrdom Year of Guru Tegh Bahadur Ji

The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…

2 hours ago

Which Country is Known as the Land of Cherry Blossoms?

Every country has something special that makes it famous around the world. Some are known…

2 hours ago

Operation Hawkeye: US and Jordan Strike ISIS Sites in Syria

The United States and Jordan have carried out a major military operation in Syria called…

2 hours ago

Jammu & Kashmir Gets Its First Gen Z Post Office

Jammu & Kashmir has achieved an important milestone in the modernization of public services with…

3 hours ago

Prime Minister Releases Commemorative Postal Stamp on Ashwagandha at WHO Global Summit

At the 2ndWHO Global Summit on Traditional Medicine held in New Delhi, Narendra Modi released…

3 hours ago

PM Modi To Inaugurates New Terminal at Gopinath Bordoloi International Airport, Guwahati

Prime Minister Narendra Modi to inaugurate the new terminal building of Lokpriya Gopinath Bordoloi International…

3 hours ago