Daily Current Affairs on ICRA sharply revises GDP growth rate downward to 9.5% contraction for FY21 for General Knowledge ( All Exams) Preparation

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Daily Current Affairs

ICRA sharply revises GDP growth rate downward to 9.5% contraction for FY21

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ICRA sharply revises GDP growth rate downward to 9.5% contraction for FY21
  • Rating agency ICRA sharply revised to -9.5%, its forecast for India’s growth in the ongoing fiscal on account of the localised lockdowns announced by various state governments and rising cases of Covid-19.
  • In May, ICRA had said the country would see a 5% contraction in FY21.
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