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

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

Commonwealth Games 2026: Meet the Young Indian Athletes Who Could Become the Next Sporting Superstars in Glasgow

For the many years, the Commonwealth Games platform has ushered in the era of several…

56 minutes ago

Boomerang Nebula: The Coldest Place in the Universe Explained

According to the current set of data, the Boomerang Nebula is the coldest location in…

1 hour ago

Commonwealth Games Mascots: Complete History from 1970 to Glasgow 2026

Throughout the history, the Commonwealth Games have been synonymous with sporting excellence and cultural diversity…

1 hour ago

Operation Southern Readiness 26-2 Commences at Southern Naval Command, Kochi

The Indian Navy has kicked off Operation Southern Readiness 26-2, an exercise on multi-nation maritime…

2 hours ago

India’s First AI-Powered Bird Sanctuary Coming to Maharashtra: Features, Location and Significance

Maharashtra is going to open the first AI-powered bird sanctuary of India at Thane Creek…

3 hours ago

France Passes Law Banning Social Media for Under-15s from 2027

France passed a new law to prohibit the children aged under 15 years from using…

3 hours ago