Daily Current Affairs on Fitch Ratings Projects India’s GDP at -5% in FY21 for General Knowledge ( All Exams) Preparation

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Daily Current Affairs

Fitch Ratings Projects India’s GDP at -5% in FY21

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Fitch Ratings Projects India’s GDP at -5% in FY21
  • American credit rating agency Fitch ratings has drastically projects India’s economic growth forecast to contract 5 percent in the current fiscal year 2020-21 due to a prolonged lockdown.
  • This means India’s GDP is estimated to be -5% in FY21.
  • Earlier it had predicted the same at 0.8%
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