ICRA expects Indian economy to contract 7% in FY21

Sumit Arora Last updated on February 26th, 2021 09:53 am Leave a comment

India’s rating agency, ICRA has projected the Indian economy to contract 7 percent in the current fiscal (FY21). For the next fiscal, i.e. FY22 (2021-22), ICRA expects a considerable rebound in India’s economic growth to 10.5 per cent due to higher central government spending, and a pick-up in consumption.

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ICRA Headquarters: Gurgaon, Haryana.
ICRA Non-Executive Chairman and Director: Arun Duggal.

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Sumit Arora

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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.