India’s GDP Growth Forecast FY 2020 and 2021 by various Financial Organizations

India’s GDP Growth Forecast FY 2020 and 2021various Financial Organizations (Last Update-19th October 2020) 

Here we are providing the list of the organization who have forecast India’s GDP (Gross domestic Product) for the Financial Year 2020 and FY 2021. GDP Forecast is one of the most important topic for in Competitive exams. GDP Forecast questions asked in GA/GK Section. You can check the GDP Forecast from the below table.

Organization 2019-20 2020-21
Fitch 4.9% (-)10.5% (Update-8 Sep)
HDFC Bank 6% (-)7.5% (Update 24 JULY)
RBI forecasted 5% (Updated 4 dec) (-)9.5%(Update-9 Oct)
Moody 4.9% (-)11.5%(Update-14 Sept)
Asian Development Bank (ADB) 5.1% (-)9%(Update-15 Sept)
World Bank  4.8% (-)9.6%(Update-6 Oct)
World Economic Outlook released by International Monetary Fund (IMF)  4.2% (-)10.3% (Update-13 Oct)
FICCI 5% (-)4.5%
Organisation for Economic Co-operation and Development (OECD) 4.9% (Updated 3 march 2020 ) (-)10.2% (Update-17 Sept)
DBS Bank (-)6% (Update 22 July)
Goldman Sachs 5.3% (-)5%
CRISIL 5.1% (-)9%(Update 11 Sep)
UN (United Nation) 5% 1.2%
Confederation of Indian Industry (CII) between (-)0.9 per cent and 1.5 per cent
India Ratings & Research


5% fY 2020. (-)11.8% (Update-8 Sep)
Economy Survey 6-6.5% 2-3%
National Council of Applied Economic Research (NCAER) 4.9% (Updated- 21 Feb 2020) (-)12.6%(Update-26 Sept)
Standard & Poor’s (S&P) 6.3% (-)5%
ICRA (-)11% (Update-29 Sept)
State Bank of India (SBI) 4.2% (-)10% (Update-20 August)
UBC (Updated 23 March 2020) 4%
CARE Ratings (-)8% (Update-14 sept)
Normura -6.1% (Update-20 July)
UBS -8.6%  (Update-17 sept)


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