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

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

Puri Jagannath Temple Moves to Trademark ‘Jagannath Dham’: Why Odisha Is Protecting Sacred Names and Symbols

The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…

7 hours ago

Who Was the First Indian to Win a Commonwealth Games Gold Medal in Weightlifting?

India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…

7 hours ago

Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY): Maharashtra’s Cashless Health Insurance Scheme

The Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) is a premium health insurance initiative started…

8 hours ago

Uttarakhand to Radio-Collar Elephants Ahead of Haridwar Kumbh 2027

As work are underway for the 2027 Haridwar Kumbh Mela, the Uttarakhand Forest Department has…

8 hours ago

Majhi Kanya Bhagyashree Scheme 2025: Eligibility, Benefits, Documents & How to Apply

The Majhi Kanya Bhagyashree Scheme is a important government initiative run by the Maharashtra Government…

9 hours ago

What is Bhargavastra? India’s Indigenous Shield Against Drone Swarms

Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…

9 hours ago