Economy Citi lowers India's FY21 GDP forecast to -6%; here are the top reasons for the revision Updated : July 06, 2020 12:44 PM IST The revision comes on the back of Citi's Q1FY21 growth being revised lower to -21 percent from -16 percent before. For Q2FY21, it expects the growth to be around -3.9 percent. The broad-based return of economic activity to pre-COVID levels is likely to happen in 3QFY21, it said. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.