- Crisil downgraded India’s Gross Domestic Forecast (GDP) for fiscal 2021 to 5.2% from 5.7% due to the coronavirus pandemic.
- As per Crisil, if the COVID 19 if not tackled by April-June 2020 globally then it may lead to a drastic slowdown.
Crisil drops FY21 growth to 5.2% from 5.7%