Crisil lowers FY21 growth to 5.2% from 5.7%

  • Crisil downgraded India’s Gross Domestic Forecast (GDP) for fiscal 2021 to 2%from 5.7% due to the coronavirus pandemic.
  • Also, it is spreading rapidly in India causing adverse effects on domestic consumption, investment, and production and slowing the financial markets.
  • As per Crisil, if the COVID 19 if not tackled by April-June 2020 globally then it may lead to a severe slowdown.
< Previous Economics Next New Economic Policy Govt Sec >