Ind-Ra cuts India’s GDP growth forecast for FY21 to 1.9%

India Ratings and Research (Ind-Ra) has predicted India’s GDP growth rate for 2020-21 (FY21) at 1.9%. Earlier this was 3.6%.
According to Ind-Ra, India’s GDP growth rate has been in contraction (means negative) for 5 times. These 5 years are-> in 1957-58 was negative 0.4%, in 1965-66 it was negative 2.6%, in 1966-67 it was negative 0.1%, in 1972-73 it was negative 0.6%, and in 1979-80 it was negative 5.2%.
For 2020-21, Ind-Ra expects retail inflation at 3.6 percent.