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).

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

Chinese Robot Tiangong Ultra Beats Usain Bolt’s 100m Time: Know Its Record, Technology

Chinese human-like robots have attracted attention following their participation in a 100-meter dash event where…

6 hours ago

Onam 2026: History, Significance, Date and All About the 10 Days of Celebrations

The Onam festival of 2026 is being celebrated throughout the state of Kerala through colorful…

7 hours ago

US Launches Operation Economic Outcast Against Iran

The US government has unveiled an operation called Economic Outcast, which is a new global…

7 hours ago

NSG Launches First All-Women Commando Course in Haryana

The National Security Guard (NSG) has inaugurated the first-ever Mahila Commando Conversion Course (MCCC) at…

8 hours ago

National Conclave on Tribal Languages and Museums Begins in Mysuru

National Conclave on Tribal Languages and Museums was launched in the Mysuru, Karnataka, on August…

8 hours ago

8.7 Crore Indian Youth Not in Education, Employment or Training: NITI Aayog

As per a recent report released by NITI Aayog, close to 8.7 crore Indians between…

9 hours ago