The rating agency CARE Ratings has reduced the projection of India's economic growth from 10.9% to 10.2%.
Earlier the agency projected the economy to grow at 10.7%-10.9%.
They have revised the projections three times in the last month.
"We have revised our forecast for GDP growth for FY22 as the underlying conditions have changed rapidly in the last 30 days or so. It stands now at 10.2%," CARE Ratings said.
On 24th March, the agency projected the economy to grow at 11%-11.2%.
On 5th April 2021, the growth was forecast at 10.7%-10.9%.