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.
The Maharashtra Cabinet has approved the establishment of the High-Energy Medical Cyclotron Project (HEMCP) in…
India and Japan have strengthened the bilateral climate cooperation by adopting the Rules of Implementation…
Ayush Ministry has launched the Yoga Park Portal, it is a nationwide initiative which aimed…
India and Canada have strengthened the bilateral relations by agreeing to launch the negotiations on…
In today's time from social media graphics and presentations to resumes and business documents, Canva…
The Group of Seven (G7) is the most powerful and influential forums of seven country,…