Categories: Economy

Fitch Solutions projects India’s GDP growth at -8.6% in FY21

Fitch Solutions has revised downward its forecast for Indian economic growth and now estimates that India’s GDP will contract by 8.6% in 2020-21 (FY21). Earlier this was estimated at -4.5%. It has also forecasted a 5% year-on-year growth in 2021 and 2022.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.