Daily Current Affairs on S&P Global Ratings Reduces India’s GDP growth for FY21 at 1.8 % for General Knowledge ( All Exams) Preparation

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Daily Current Affairs

S&P Global Ratings Reduces India’s GDP growth for FY21 at 1.8 %

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S&P Global Ratings Reduces India’s GDP growth for FY21 at 1.8 %
  • S&P Global Ratings has slashed India growth forecast for the fiscal 2020-21 to 1.8 percent, due to the lockdown to contain Covid-19 pandemic.
  • Earlier in March, it projected a growth of 3.5 percent.
  • The US-based rating agency expects growth to significantly recover to 7.5 percent in 2021-22 fiscal.
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