Categories: Economy

ICRA expects Indian economy to contract 7% in FY21

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important takeaways for all competitive exams:

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

Find More News on Economy Here

Adda247 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

Which Country is known as the Land of Vanilla?

Did you know that one of the world’s most loved flavours comes from a delicate…

3 hours ago

India Storms to 39 Gold! Indian Shooters Shine Bright at Asian Rifle/Pistol Championship

India’s dominance at the Asian Rifle/Pistol Championship continued as Indian shooters added two more gold…

4 hours ago

Which Country is the Largest Pulses Producing Country in the World?

Did you know pulses are one of the oldest foods eaten by humans? From dal…

4 hours ago

Who’s Leading the Medal Race at Milan 2026? Live Winter Olympics 2026 Medal Tracker

The Milan Cortina 2026 Winter Olympics delivered high drama on Day 4, with nine gold…

4 hours ago

Which Glacier is the Source of the Bhagirathi River?

Did you know one of India’s holiest rivers begins its journey high in the icy…

5 hours ago

Release Dates Announced for India’s New GDP, CPI, and IIP Series

The Ministry of Statistics and Programme Implementation (MoSPI) has announced a comprehensive revision of the…

6 hours ago