S&P Global Ratings Projects India’s GDP at -9% in FY21

GDP
  • According to S&P Global Ratings Projects India’s GDP to contract by 9% in the fiscal year 2020-21 (FY21), as against its previous estimate of a 5% contraction, due to the impact of the COVID-19 pandemic.
  • For the FY22 (2021-22), S&P expects GDP growth of 6% and for the FY23 (2022-23), GDP growth is projected at 6.2%.
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