GDP Illustration

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India’s Economic Growth to Shrink by 10.5% , Predicts Fitch Ratings

Fitch Ratings on September 8 has predicted the Indian economic growth to shrink by 10.5% for the financial year 2021. Reportedly, the decline was attributed to the pandemic and irregular shutdowns. Fitch noted that the economy should recover in the July-September period after the re-opening of the economy. The company stated, “we do not expect GDP to return to pre-virus levels until January-March of 2022.” 

Tue, 08 Sep 2020 - 01:47 PM / by Mahadevan K V

Tags: GDP, Fitch Ratings, Financial Crisis, Covid-19

Courtesy: The Economic Times