what is the indian economic status after march2021?
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"We now expect GDP to contract 9.4 per cent in the fiscal year to end March 2021 (FY21) ( 1.1 percentage point), followed by 11 per cent growth (unchanged) and 6.3 per cent growth ( 0.3pp) in the following years," the rating agency said. "The outlook is brighter owing to an expected rollout of various vaccines in 2021.
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"Rising demand and falling infection rates have tempered our expectation of COVID-19's hit on the Indian economy. S&P Global Ratings has revised real GDP growth to negative 7.7 per cent for the year ending March 2021, from negative 9 per cent previously," S&P said in a statement.
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