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.

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

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Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

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