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

IPL 2025 Awards Winners List & Prize Details

IPL 2025 Awards and Prize Money Breakdown The Indian Premier League (IPL) 2025 season concluded…

9 hours ago

IPL 2025 Final: Royal Challengers Bangalore Win Their First-Ever Title, Defeat Punjab Kings by 6 Runs

The Indian Premier League (IPL) 2025 came to an exciting conclusion on June 3, 2025,…

10 hours ago

IPL Winners List (2008-2025) – New Winner and Runner-up Team

The Indian Premier League (IPL) has been known for exciting cricket, fierce rivalries, and unforgettable…

10 hours ago

Anil Nagar, Founder & CEO of Adda247, Talks About The Power of Online Education

From Dungarpur to 99.40%: Nancy’s Journey Is the Bharat We’re Building For — Anil Nagar,…

14 hours ago

Top-5 Cherry Producing Countries in the World By 2025

Cherries are tasty, small fruits loved by people around the world. They can be sweet…

15 hours ago

When is Bakra Eid 2025? Know Date and Significance

Eid-ul-Adha, also called Bakra Eid or the Festival of Sacrifice, is one of the most…

16 hours ago