ICRA expects Indian financial system to contract 7% in FY21

India’s ranking company, ICRA has projected the Indian financial system to contract 7 p.c within the present fiscal (FY21). For the following fiscal, i.e. FY22 (2021-22), ICRA expects a substantial rebound in India’s financial progress to 10.5 per cent resulting from larger central authorities spending, and a pick-up in consumption.

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Important takeaways for all aggressive exams:

  • ICRA Headquarters: Gurgaon, Haryana.
  • ICRA Non-Executive Chairman and Director: Arun Duggal.

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