BusinessEconomy

FY21 GDP Growth Downwardly Revised to 3.6%

Chennai, NFA Post: India Ratings and Research has revised its FY21 gross domestic product (GDP) growth down to 3.6% from 5.5%, due to the spread of COVID-19 and the resultant nation-wide lockdown imposed till April 14, 2020, crippling most economic and commercial activities. The revision is based on the assumption of lockdown continuing till end-April 2020 (full or partial) and gradual restoration…
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