![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSPjuUyIXo9vK0E24xdIGWXQE6UDC0C-GPT5frXV5aqWDXCpDvsWSMwno2b3FZkjqEIWHJoHoWkaJQzNCLNnF5M_qE77QqiYrApA5OsxeJPaquyyFe6QfirdNGyKHR7xP5zdPyR1cQrLc/s1080/1604241929764.jpg)
The National Council of Applied Economic Research (NCAER) has projected the Indian financial system to contract 7.3 per cent in FY21, in comparison with -12.6% forecast in September 2020. The Delhi primarily based financial suppose tank launched its mid-year assessment of the Indian financial system nearly on 21 December 2020.
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