Categories: Economy

ICRA Projects Indian economy to contract 7.8% in FY21

The domestic rating agency, ICRA Ratings expects the technical recession in the country’s economy to end in the fourth quarter of the current fiscal, limiting the contraction in the GDP to 7.8 per cent in the financial year 2021.

WARRIOR 4.0 | 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

Deepak Gupta Takes Over as Chairman & Managing Director of GAIL

Deepak Gupta has officially assumed the charge as the Chairman and Managing Director (CMD) of…

7 mins ago

Which Indian City is known as the Jute Capital of the World?

Did you know that jute is one of the oldest and most useful natural fibres…

37 mins ago

India Welcomes 9 Cheetahs from Botswana to Kuno National Park

Union Environment Minister Bhupender Yadav released nine cheetahs from Botswana into quarantine enclosures at Kuno…

52 mins ago

PM Narendra Modi Inaugurates Micron’s Semiconductor ATMP Facility in Sanand

Honorable Prime Minister Narendra Modi inaugurated Micron Technology’s Semiconductor Assembly, Test, Marking and Packaging (ATMP)…

1 hour ago

India Break Record with Massive Run Chase vs West Indies

India scripted history at Eden Gardens, Kolkata by successfully chasing down 196 runs against West…

2 hours ago

India Enter Semifinal After 5-Wicket Win Over West Indies

India stormed into the semifinal of the ICC Men’s T20 World Cup 2026 after a…

13 hours ago