India may not return to pre-pandemic GDP growth levels in next 3 fiscals: Crisil
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According to rating agency Crisil Ltd, Indian economy may contract by 5% in FY21 while revising downward its growth estimate for the year from 1.8% estimated in April, holding that India's partial lockdown continues to be a hindrance to normal economic activity while the underwhelming economic package is unlikely to boost the economy in the short run. Crisil said during the first quarter the economy is likely to contract 25%.