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.

WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Find More News on Economy Here

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.

Recent Posts

Kerala Piravi 2026: History, Significance and 70 Years of Kerala Formation

Kerala Piravi or Kerala Day is observed each year on 1 November to mark the…

22 hours ago

Andhra Pradesh Formation Day 2026: History, Formation, Telangana Bifurcation and Significance

Andhra Pradesh celebrate Formation Day every year on the 1st of November. This commemorates the…

23 hours ago

Karnataka Rajyotsava 2026: History, Significance and 70 Years of State Unification

Karnataka Rajyotsava, which is sometimes referred to as Kannada Rajyotsava, is celebrated on 1 November…

23 hours ago

Haryana Day 2026: History, Formation and Significance of Haryana

Haryana Day is a celebration held every year on 1st November to celebrate the creation…

24 hours ago

Punjab Formation Day 2026: History, Reorganization and Significance of Punjab Day

Punjab Formation Day, or simply called Punjab Day and Punjab Reorganization Day, is celebrated every…

1 day ago

Chhattisgarh Formation Day 2026: History, Theme, Constitutional Provisions and Rajyotsav Celebrations

Chhattisgarh Formation Day (also known as Chhattisgarh Foundation Day or Chhattisgarh Rajyotsava) is commemorated every…

1 day ago