GDP forecast Current Affairs - 2020

Ind-Ra lowers India’s GDP growth forecast in 2019-20 to 6.1% from 6.7% in August 2019

India Ratings and Research (Ind-Ra), a part of Fitch group has lowered India’s gross domestic product (GDP) forecast for financial year (FY) 2019-20 to 6.1%. This was second downgrade in the last two months. Earlier in August 2019, Ind-Ra had revised GDP growth estimate to 6.7% from its earlier forecast of 7.3%. It has cited Read More…

Fitch raises India’s GDP forecast to 7.8% from 7.4% for FY19

Fitch Ratings in its Global Economic Outlook has revised up India’s growth forecast for current fiscal year (2018-19) to 7.8% from 7.4% projected earlier. However it has flagged tightening of financial conditions, weak bank balance sheets and rising oil bill as headwinds to growth. Key Highlights Growth Projections: Fitch’s upward revision in growth forecast comes Read More…

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