World Bank Report – India’s GDP likely to contract by 9.6 per cent 

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World Bank Report - India's GDP likely to contract by 9.6 per cent
World Bank Report - India's GDP likely to contract by 9.6 per cent

World Bank Report – India’s GDP likely to contract by 9.6 per cent. World Bank which is an international organization dedicated to providing financing, advice, and research to developing nations has forecasted Gross Domestic Product (GDP). As per World Bank, India’s GDP is expected to contract by 9.6 per cent this fiscal.

  • According to World Bank Regional growth is projected to rebound to 4.5 per cent in 2021.

Other Rating Agency Predictions:

  • As per Goldman Sachs, India’s economy to contract by 14.8% per cent in FY21
  • India Ratings and Research forecasted India GDP as 9.9% for FY22
  • Asian Development Bank forecasts India’s economy to contract by 9% in FY2020-21
  • Moody’s Investors Service downgraded India’s sovereign ratings from Baa2 to Baa3
  • Rating agency S&P projects Indian economy to contract 9 per cent in fiscal 2021
  • As per World Bank, India’s economy to contract by 3.2 per cent in fiscal year 2020-21
  • World Bank forecast India growth for FY21 at 1.5-2.8% percent

About World Bank:

  • Headquarters: Washington, D.C., United States
  • Founded: July 1944

Related Questions:

  • What is the India’s GDP rate projection for FY22 as per India Ratings and Research? = -+9.9%
  • Global Economic Prospect downgraded its projection of growth of India by what percent? – 9%
  • Which financial institution issues the ‘Global Economic Prospects’ report periodically? – World Bank
  • World Bank forecast India growth for FY21 at what percent? – 1.5-2.8%
  • What is the India’s economic growth projection for 2020 – 21 fiscal year as per Fitch – 0.8%
  • As per World Bank, India’s economy to contract by what per cent in fiscal year 2020-21? = 3.2 percent

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