Current Affairs   »   S&P revises India’s GDP contraction forecast...

S&P revises India’s GDP contraction forecast in FY21 to 7.7%

S&P revises India's GDP contraction forecast in FY21 to 7.7%_50.1

S&P Global Ratings (previously Standard & Poor’s) has raised India’s GDP growth projection for the FY21 (2020-21) to – 7.7 per cent from – 9 per cent estimated earlier. The lower contraction rate is based on rising demand and falling COVID infection rates. The US-based S&P rating agency has projected India’s growth to rebound to 10 per cent in the next fiscal, i.e. 2021-22 (FY22).

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

Find More News on Economy Here

S&P revises India's GDP contraction forecast in FY21 to 7.7%_60.1

S&P revises India's GDP contraction forecast in FY21 to 7.7%_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *