DBS cuts India’s FY20 GDP forecast to 6.8% from 7% on weakening exports.

DBS cuts India's FY20 GDP forecast to 6.8% from 7% on weakening exports JPG

Question: DBS cuts India’s FY20 GDP forecast to 6.8% from 7% on weakening exports. Where located head office of DBS?
a) Singapore
b) Bezing.
c) New Delhi.
d) None of these.
Ans : a
Related Facts :

  • DBS Bank has revised India’s GDP growth for fiscal year 2020 downwards to 6.8 per cent year-on-year (YoY) from 7 per cent projected earlier.
  • We revise down our real GDP forecast for FY20 to 6.8 per cent YoY versus 7 per cent earlier, the bank said.
  • The DBS team assessed that into FY23, beyond the thrust from reopening gains, precautionary savings and sectoral normalisation to pre-pandemic levels.
  • High light points :
  • DBS, a leading financial services group headquartered in Singapore, operates across 18 markets.
  • The company was known as The Development Bank of Singapore Limited.
  • The bank was set up by the Government of Singapore on 16 July 1968 to take over the industrial financing activities from the Economic Development Board.

Links:
https://www.business-standard.com/article/pti-stories/dbs-revises-india-gdp-forecast-for-fy20-down-to-6-8-pc-119062000265_1.html