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India Ratings & Research (Ind-Ra), a Fitch group company, has further slashed its estimate for India’s GDP growth rate to how much per cent for 2020-21?

India Ratings & Research (Ind-Ra), a Fitch group company, has further slashed its estimate for India’s GDP growth rate to how much per cent for 2020-21? Correct Answer 1.9

  • India Ratings & Research (Ind-Ra), a Fitch group company, has further slashed its estimate for India’s GDP growth rate to 1.9 per cent for 2020-21.
  • This will be the lowest after India recorded a growth rate at 1.1 per cent in 1991-92.
  • The agency’s estimate suggests that GDP may come back to the 4QFY20 (January-March, 2020) level only by 3QFY21 (October-December, 2020).

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