India Ratings cuts India’s FY21 GDP growth to 1.9%

29-Apr-2020
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A credit rating agency India Ratings and Research (Ind-Ra) has reduced India’s Fiscal Year 2021 gross domestic product (GDP) growth to 1.9% from 3.6%, announced in March 2020. The GDP growth has been slashed by the credit rating agency citing the assumption of the partial lockdown to continue in India till mid-May 2020 due to the COVID-19 pandemic.

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