CARE Ratings Revises India's GDP Forecast

  • 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%.


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