- India Ratings and Research (Ind-Ra) recently cut its Gross Domestic Product (GDP) growth approximation for India for fiscal 2020-21 to 3.6 percent from 5.5 percent.
- The reasons told are the COVID-19 and the nationwide lockdown till April 14.
Ind-Ra lessens India’s GDP forecast to 3.6% from 5.5% for FY21