Categories: Economy

OECD projects contraction of Indian Economy at 3.7% in FY21

Organisation for Economic Co-operation and Development (OECD) has released its Economic Outlook. In its Economic Outlook, the intergovernmental economic organisation has forecasted Indian Economy to contract to 3.7% in the fiscal year 2020-21. It also stated that if there is a second COVID-19 outbreak in the country, then its growth will drop further to -7.3%.

Click Here To Get Test Series For SBI PO 2020

OECD’s Economic Outlook also forecasts India’s growth to recover to 7.9% in the ‘single-hit’ scenario while it expects an 8.1% rebound in the ‘double-hit’ Covid-19 scenario in the fiscal year 2021-22.

Find More News on Economy Here

Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

WHO Declares Ebola Global Health Emergency: Symptoms, Spread, Treatment, and Vaccine Explained

The World Health Organization (WHO) declared the Emergency of International Concern (PHEIC) for the latest…

1 hour ago

Vaibhav Sooryavanshi Creates IPL History with Most Sixes by an Indian in a Single Season

India's upcoming teenage sensation Vaibhav Sooryavanshi has scripted a history in IPL (Indian Premier league)by…

2 hours ago

Sikkim to Implement Anand Marriage Act, 1909 from June 1, 2026

The state of Sikkim will implement the Anand Marriage Act, 1909 from June 1, 2026.…

2 hours ago

Nimapara Patha Utsav 2026 Inaugurated in Puri by Deputy CM Pravati Parida

Respectable Deputy Chief Minister Pravati Parida has inaugurated the Nimapara Patha Utsav 2026 in the…

2 hours ago

Andhra Pradesh Offers ₹30,000 for Third Child, ₹40,000 for Fourth Under New Policy

Respectable Chief Minister of Andhra Pradesh N Chandrababu Naidu has announced the major policy to…

3 hours ago

President Approves Increase in Supreme Court Judge Strength from 34 to 38

Honorable President Droupadi Murmu has approved the increasing the Supreme Court's judge strength from 34…

3 hours ago