Current Affairs   »   S&P Ratings projects Indian economy to...

S&P Ratings projects Indian economy to shrink 5% in FY21

S&P Ratings projects Indian economy to shrink 5% in FY21_50.1

S&P Global Ratings has released its report on emerging markets titled “Financial Conditions Reflect Optimism, Lockdown Fatigue Emerges“. In this reported, the rating agency forecasted Indian economy to shrink by 5% in fiscal year 2020-21. The report stated that the fiscal stimulus worth 1.2% of GDP is not sufficient to provide significant growth support.

Click Here To Get Test Series For SBI PO 2020

The S&P Global Ratings also expects India’s growth to rebound to 8.5% in the fiscal year 2021-22. It has also projected India’s growth to be 6.5% in the fiscal year 2022-23.

Find More News on Economy Here

S&P Ratings projects Indian economy to shrink 5% in FY21_60.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *