Fitch Ratings has retained India’s sovereign rating at the lowest investment grade of “BBB-“, while the rating agency has revised downward its rating outlook for India to negative from stable. Fitch has cited increasing risk to the India’s growth and debt outlook, as a reason for the above ratings.
Click Here To Get Test Series For SBI PO 2020
Fitch Ratings stated that the COVID-19 pandemic has significantly weakened India’s growth outlook for fiscal year 2021, simultaneously exposing the challenges associated with a high public-debt burden. Although, the rating agency expects India’s economic activity to contract by 5% in the fiscal year 2021 before rebounding by 9.5% in fiscal year 2022.
India has successfully conducted the flight trial of its first long-range hypersonic missile, a significant…
Madhya Pradesh, a state in central India, is known for its rich history, culture, and…
November, the eleventh or second last month of the year, brings a variety of important…
India's heavy communication satellite GSAT-20, weighing 4,700 kg, will be launched from Cape Canaveral, USA,…
Super Typhoon Man-yi, locally known as Pepito, has made a second landfall on the Philippines'…
In a significant move to expand its global presence, Australia’s University of Wollongong (UOW) has…