Categories: Economy

Moody’s cuts India’s GDP growth to “zero” in FY21

Moody’s cuts down India’s Gross Domestic Product(GDP) growth to “zero” for the current fiscal 2020-21. Its previous estimate was 2.6%. In 2021-22 India’s GDP growth rate will bounce back to 6.6%. The negative outlook reflects an increase in risk that economic growth remains significantly lower than in the past & is triggered by COVID-19. The weakening of fiscal metrics could lead to a downgrade, which will affect investment flow in India.

Click Here To Get Test Series For SBI PO 2020

Important takeaways for all competitive exams:

  • Headquarters of Moody’s: NewYork, United States.
  • President & CEO of Moody’s: Raymond W. McDaniel, Jr.

Find More Economy News

AddThis Website Tools
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

List of Missiles of India: Types, Ranges, and Key Facts for Exams

India’s missile development program reflects the nation's technological advancement and strategic defence capabilities. Spearheaded by…

13 mins ago

Arunachal Pradesh Drills First Geothermal Production Well

In a significant leap towards sustainable and renewable energy in India’s northeastern region, the Centre…

43 mins ago

SMLME 2025 Kicks Off in Dubai with Major Maritime Announcements

The 11th Seatrade Maritime Logistics Middle East (SMLME) conference commenced on May 6, 2025, at…

47 mins ago

Operation Sindoor Related GK Questions For Govt Exams

Operation Sindoor is one of the most significant counter-terrorism operations carried out by India in…

2 hours ago

‘Operation Abhyas’: Bengaluru Conducts Civil Defence Mock Drill Amid Rising Tensions

In response to a nationwide directive from the Ministry of Home Affairs (MHA), Bengaluru witnessed…

2 hours ago

India Launches Non-Ferrous Metal Recycling Portal to Boost Circular Economy

In a significant stride toward building a sustainable circular economy, Union Minister of Coal and…

2 hours ago