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Crisil, GDP, COVID-19 LimeLight

Indian GDP in FY21 to Contract by 5% Due to COVID-19 Recession: Crisil

The report comes days after the Reserve Bank of India (RBI) predicted that India's GDP growth for the financial year 2020-21 may remain in the negative territory. Earlier, on April 28, it had slashed growth prediction to 1.8 per cent from 3.5 per cent. "Things have only gone downhill since," a Crisil Research report said.

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