Categories: Economy

Ind-Ra revises India’s GDP contraction to 7.8% for FY21

India Ratings and Research (Ind-Ra) has revised India’s GDP estimate for the current financial year 2020-21 (FY21) to -7.8 per cent from -11.8 per cent estimated earlier. This lower contraction rate is mainly due to the easing of COVID-19 curbs and better-than-expected recovery in the second quarter. Ind-Ra has also estimated the GDP to grow by 9.6% in 2021-22 (FY22).

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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