Home / Economy / News / CRISIL pegs India's FY21 economic growth rate at 1.8% from 3.5%

CRISIL pegs India's FY21 economic growth rate at 1.8% from 3.5%

Its parent Standard & Poor's has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth.

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Among the major economies, India and China are the only exception to the declining economic activities in 2020 or FY21 in India’s case.

Indivjal Dhasmana New Delhi

1 min read Last Updated : Apr 28 2020 | 12:37 AM IST

Domestic rating agency CRISIL on Monday cut its projections for India’s economic growth rate to 1.8 per cent, from 3.5 per cent it had earlier predicted for 2020-21.

Its parent Standard & Poor’s has (S&P) forecast the world economy to contract 2.4 per cent, against its earlier estimates of 0.4 per cent growth. CRISIL had a gross domestic product (GDP) growth estimate of 6 per cent for 2020-21 (FY21), which was revised to 3.5 per cent in late March.

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Among the major economies,

Topics : Coronavirus Gross Domestic Product (GDP) Crisil GDP forecast Global economy Indian Economy Standard & Poor’s

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