India Ratings predicts India’s GDP for FY21 at -11.8%; FY22 at 9.9%

  • India Ratings and Research has projected India’s FY21 GDP growth forecast at -11.8% as against its earlier prediction of -5.3%. For FY22, India Ratings and Research projects India’s GDP at 9.9%. The rating agency estimates the economic loss in FY21 to be Rs 18.44 lakh crore.
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