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

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


Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.


Leave a comment

Your email address will not be published.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