Economy India Ratings downgrades FY21 GDP growth forecast to 3.6% Updated : March 30, 2020 02:41 PM IST The revision is based on the assumption of lockdown continuing till end-April 2020 (full or partial) and gradual restoration of economic activities May 2020 onwards. It also noted that a changed outlook of investors has led to a huge outflow of capital and the rupee has come under intense pressure. 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.