Indian GDP will be contraction 7.8% in FY2021: Icra

Indian GDP will be contraction 7.8% in FY2021

MUMBAI: The rating agency Icra Ratings has estimated that India will face the technical recession at the end of the 4th quarter. it will lead to bringing the country’s GDP to -7.8% for the FY2021.

  • FY2021’s 2nd quarter, The GDP was – 7.5% compared to – 23.9% in the April-June quarter.

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Q.1 What will be Indian GDP as per Icra Ratings?

Icra Ratings estimates that Indian GDP will be contraction 7.8% in FY2021.

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