FICCI survey forecasts 8% GDP contraction in FY21



The gross home product (GDP) of India is anticipated to contract by 8 per cent in 2020-21, in response to the most recent Economic Outlook Survey of Federation of Indian Chambers of Commerce & Industry (FICCI). Apart from this, FICCI expects the financial system to carry out significantly better within the monetary 12 months 2021-22 with a GDP development fee of 9.6 % in FY22.

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Important takeaways for all aggressive exams:

  • Federation of Indian Chambers of Commerce & Industry Founded: 1927.
  • Federation of Indian Chambers of Commerce & Industry Headquarters location: New Delhi.


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