Fitch Solutions has slashed India’s economic growth forecast to 1.8% for the financial year 2020-21. Fitch Solutions has lowered India’s economic growth forecast from 4.6% stating large-scale loss of income across the economy due to domestic outbreak of COVID-19, causing contracted private consumption. It has also predicted the contraction in fixed investments as capital expenditure has been reduced by businesses to conserve cash amid elevated economic uncertainty.
Click Here To Get Test Series For SBI PO 2020
Fitch Solutions has also reduced the real GDP forecast of China for the financial year 2020 from 2.6% to 1.1%, stating the impact of a worsening global economic outlook on China’s economy.
The Reserve Bank of India had introduced the revised guidelines for loan restructuring for the…
The India and Sri Lanka successfully conducted the fourth edition of the bilateral diving exercise…
Today, digital payments have become a daily habit in India. From buying vegetables to paying…
The Ministry of Panchayati Raj had released the Panchayat Advancement Index (PAI) 2.0 Report on…
The Defense Research and Development Organization and the Indian Navy have successfully performed the maiden…
In the world, most countries have only one president. But there is one country that…