Moody’s cuts down India’s Gross Domestic Product(GDP) growth to “zero” for the current fiscal 2020-21. Its previous estimate was 2.6%. In 2021-22 India’s GDP growth rate will bounce back to 6.6%. The negative outlook reflects an increase in risk that economic growth remains significantly lower than in the past & is triggered by COVID-19. The weakening of fiscal metrics could lead to a downgrade, which will affect investment flow in India.
Click Here To Get Test Series For SBI PO 2020
Important takeaways for all competitive exams:
India’s missile development program reflects the nation's technological advancement and strategic defence capabilities. Spearheaded by…
In a significant leap towards sustainable and renewable energy in India’s northeastern region, the Centre…
The 11th Seatrade Maritime Logistics Middle East (SMLME) conference commenced on May 6, 2025, at…
Operation Sindoor is one of the most significant counter-terrorism operations carried out by India in…
In response to a nationwide directive from the Ministry of Home Affairs (MHA), Bengaluru witnessed…
In a significant stride toward building a sustainable circular economy, Union Minister of Coal and…