Thursday, October 22, 2020
Home Business India Ratings Revises 2020-21 GDP Projection To -11.8%

India Ratings Revises 2020-21 GDP Projection To -11.8%


Credit rankings company India Ratings and Research on Tuesday revised the nation’s gross home product (GDP) forecast to -11.8 per cent for the monetary 12 months ending March 2021, from -5.3 per cent earlier.

The rankings company, nonetheless, mentioned it expects the nation’s GDP to rebound, and increase at 9.9 per cent year-on-year in monetary 12 months 2021-22, primarily because of the weak base of economic 12 months 2020-21.


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